GBP/USD is trading at 1.3875 level and it could approach and reach 1.3900 psychological level soon. Breaking above the downtrend line and escaping from the down channel signaled that the pair could start increasing again.
Jumping and stabilizing above the 1.3910 level could signal that GBP/USD will resume its upside journey approaching and reaching new highs.
Coming back above 1.3800 represented a first upside signal. We may have a new buying opportunity if the pair jumps and stays above the 1.3910 level. The next target is seen at the 1.4000 level.
The material has been provided by InstaForex Company – www.instaforex.com
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