ForexTrading Idea

GBP/USD: Rebound in Short Term? |Analysis|

Although we cannot yet rule out a new bottom on daily chart, from a technical point of view, we are approaching an interesting support area, and this should trigger a bullish reaction on the pair. That said, our short-term view is bullish and we will follow the development in the next few hours on intraday chart (Reversal Pattern formation is necessary to trigger the rally). With this in mind, in the next few hours we will update our analysis on intraday chart in our Trading Room, looking, if it appears, for some Reversal Pattern.

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