GBPUSD buying strategy remains optimistic

Dear traders! As Conan mentioned in the previous analysis GBPUSD completely ended the entire downtrend with a consolidation breakout above downtrend resistance and is now trading active on the 10 hour timeframe and reaching 1.2704 . In such a scenario, we are expecting further strengthening with various Federal Reserve speakers due to speak later in the day. On Wednesday, UK Consumer Price Index inflation data and FOMC Minutes will be closely watched. These statements can significantly influence the couple's trajectory. However, technically this currency pair is still well supported on an upward trajectory with two EMA lines at 34.89 that have reversed, showing that corrections may occur but are not significant, buyers are still attractive guide. This price increase is expected to reach 1.2800 and 1.2850 at least.

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