GBPUSD Update: Upholding Uptrend Amidst Potential Risk Aversion

[ishanagarwal]

GBPUSD is trading in uptrend, the pair stays in the upper half of its ascending regression channel coming from early March. GBPUSD should find it difficult to preserve its bullish momentum in case there is risk aversion. If the price falls below 1.2625 (mid-point of the ascending channel) and starts using that level as resistance, it could extend its slide toward 1.2600...Trade safe