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Interpretation of the GBP/USD Analysis Results for October 23. The Pound Retains a Bullish Bias
Analysis GBP/USD 5M
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Analysis GBP/USD 5M The GBP/USD currency pair attempted a modest correction on Thursday and largely achieved it. Price fell to the critical Ichimoku line and tested the 1.3369–1.3377 support area. Traders failed to break these two supports, so the upward impulse persists and may continue today—especially if UK business-activity and retail-sales reports prove as positive for the pound as the recent inflation and unemployment releases. Sterling, unlike the euro, is rising against the dollar. One could attribute
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