GBP/USD Strength Returns, More Upside Possible

The GBP/USD has been buoyant recently, and we can see it’s pushed higher after bottoming out last week down near 1.5330. A pin bar buy signal formed last week, as we can see in the chart below, and this is in-line with the recent bullish trend we’ve seen in this pair, as we can see by the higher lows in recent weeks. We can look to be buyers, following a rotation lower (weakness), whilst price is above the lows of last week’s pin bar near 1.5330. Traders can look for price action buy signals on the 4 hour or daily chart.

GBP/USD Weekly Chart

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