FXStreet — The Natixis analysts predict that the Outlook for the GBP/USD positive, while trading in a rising channel and on the weekly chart, a rising bubble developed.
«Under these conditions, the Pullbacks are triggered at 1,2840-1,2860 (9-day MA) on a support and then it is merely a correction. A Test of the resistance of 1.30-1,3010 upper day Bollinger) is: — (.»
«A breakout of this last level would lead to a strong momentum in the direction of 1,3130 (Fibonacci projection), the 1,3250-1,3270 (Fibonacci projection) and the 1,3370-1,3390 (rising trend line resistance).»
«Pullbacks in the direction of 1,2840-1,2860 should be used for GBP/USD purchases, while the 1. Target then the 1,3010 (Stop Loss at 1,2720) should be.»
** FXStreet News Editorial, FXStreet**