Positive news Buzz in the GBPUSD

Market chart showing uptrend
When looking for opportunities in currency pair trading, I always load up TC Market Buzz inside the market analysis tab in order to help me find interesting setups regarding news sentiment. Today we can see some larger news volume in the GBP/USD

Source: GAIN Capital, TC Market Buzz

Clicking further, TC Market Buzz is showing a 68% positive news sentiment relating to a possible price gain. 

Source: GAIN Capital, TC Market Buzz

When looking at the price chart of the GBP/USD I noticed an interesting breakout. Prices have broken above a bearish trend channel. The 200 and 50-period moving averages have started to turn up. As long as 1.241 holds as support, look towards 1.2665 as a target on the rebound. 

Source: GAIN Capital, TradingView

Happy trading
Related tags: Forex Forex GBP USD

Open an account in minutes

Experience award-winning platforms with fast and secure execution.

Web Trader platform

Our sophisticated web-based platform is packed with features.

Economic Calendar