Analysis of GBP/USD for May 31, 2017
Recently, the GBP/USD pair has been trading sideways at the price of 1.2840. Anyway, according to the 30M time frame, I found a fake breakout of the yesterday’s high and strong buyers’ reaction. There is also a hidden bullish divergence on the moving average oscilator and confirmed double bottom formation. These are signs of strength. […]