The GBP pair is floating against the US dollar on the weekly frame in an ascending and semi-accidental range between the areas of 1.2000-1.2150 and areas of 1.3340-1.3470 from last August to the beginning of the current year
The pair broke the areas of 1.2000-1.2150, which is considered a historical price bottom for the husband before climbing over it again to be considered a false break
The price is retesting this strong area with positive Divergence support on Momentum RSI
The price is expected to rise in the long term to reach first levels of 1.2770-1.2970 that correspond to the declining trend line from last December top and the falling trend line from the top of the year 2015
Trading range is 1.2000-1.2150
Expected bullish trend
