According to our Senior Strategist Jamie Saettele, the British Pound/US Dollar trend is now bullish after its recent sequence of advances. Current bull targets are unclear, but the technical picture is ostensibly positive for the recently resurgent currency pair. Three of four DailyFX analysts likewise remain bullish the GBP/USD as per the most recent round of “Analyst Picks”. It is obviously difficult to buy into such massive currency rallies, but outlook remains positive for the British Pound against the US Dollar.
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Written by David Rodríguez, Quantitative Analyst for DailyFX.com
To contact the author of this report, e-mail drodriguez@dailyfx.com
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