GBP/USD Forecast: Bullish Outlook Ahead!

The price of British pound tested the downtrend and formed the shooting star at the end of the trading week. The price of this asset might target the supporting level of 1.2490 next. At that, bulls might seize the initiative, helping this asset to break the downtrend. So, let’s wait and see what is going to happen next.

Now, the price of platinum is targeting the broken downtrend, which is located next to the supporting level of 890. The price of this asset is likely to rise at the crossing point of these trendlines, making the platinum more interesting to potential buyers. Let’s see what is going to be the next price movement of this asset.

The cross rate of the currency pair AUD/CAD remains close to the broken downtrend. It has already tested this trendline before. The asset’s price has also approached the supporting zone formed between levels 0.9000 and 0.9020. The price of this currency pair is consolidating right now. It might attract potential buyers and reverse the rate of the currency pair AUD/CAD in the Northern direction, making up for the recent price drop.

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