GBPUSD – Flat
Despite the Friday’s daily candle closing as bearish pin bar around 1.42801, the cable rallied higher and even closed above a the level 1.42801, this is a clear bulls dominance signal and as long as the price remains above 1.42801, we expect a possible rally to the upper side and should break above 1.49540. This view can only be invalidated in case the price breaks below 1.42801, this being the case, we’ll expect a possible bearish price rally with an ultimate target at at 1.365. On the daily chart attached, its good to look for long positions.
Look for long positions towards 1.49540
You may check other analytical reviews on FreshForex website. Source: freshforex.com.