Analysis: On the Gbp-Usd, we have an uptrend confirmed on the long, medium term and short term daily chart.
On the very short term we have a strong uptrend situation.
Price range forecast for Gbp-Usd:
- Scenario1: following the situation on the Daily and 4H chart, we still have a uptrend channel. This week can continue to favor Long positions and we can expect the price to reach the range from 1.6236 to 1.6291
-Scenario 2: we have the indicators over bought on the Weekly and Daily chart, on the weekly we have the market price reaching the top of a long downtrend
channel and the uptrend is panting on Daily chart announcing a possible price
U-Turn to a downtrend. By other hand, we have the market price moving from the
second monthly resistance crossing the daily and weekly pivots showing the
confirmation of a coming downtrend. Then we can have a coming downtrend allowing Short positions where market price can reach the range from 1.5828 to 1.5783.

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