British Pound / U.S. DollarUpdated GBPUSD Trade Idea
In yesterday's analysis, I expected GU to have temporary reversals downwards, which was exactly what the market performed. Due to the strong sell-off yesterday, I will be aware of potential short-term selling opportunities towards 1.3950 (yesterday's low) & 1.3850 zone. But always wait for a pullback as GU has tanked over 200pips in yesterday's NY session. 1.4043 minor resistance zone would be area of value where I'll look for short setups. But be cautious that GU is currently still on a long-term downtrend, it could re-test yesterday's low create a double bottom reversal push upwards as well. Stay reactive and flexible.
Trade safe.
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Trade safe.
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Note
Previous analysis
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.