🇬🇧 GBPUSD 🇺🇸 - Waiting for distribution from consolidation
GBPUSD may show further growth. There are several reasons for this, including the positive geopolitical and fundamental background for the Pound. NFP could be bad on the back of US jobless claims increasing, which could affect the employment rate.
Reasons for further gains:
1) Today will be NFP. Expect the data could be bad for $
2) Price breaks local resistance
3) Consolidation of price above PDH and above 1.2750
4) Bullish trend and strong consolidation
Reasons for further gains:
1) Today will be NFP. Expect the data could be bad for $
2) Price breaks local resistance
3) Consolidation of price above PDH and above 1.2750
4) Bullish trend and strong consolidation
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