Technical Analysis

GBPUSD squeezes to new highs.

Above technical ranges

GBPUSD on the daily is up testing the October and September 2018 highs.

The GBPUSD has squeezed again to the upside after the 38.2% retracement stage stalled the autumn, and the worth squeezed again above the:

100 week MA worth at 1.3190The topside pattern line (that earlier was damaged however failed) at 1.3218The October excessive at 1.3258.

The September excessive at 1.3297 is the following goal now for the pair. 

GBPUSD hourly chart extends above topside trend line

Catalyst: No-Deal Brexit fears are receding. 

ForexLive


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