GBPUSD for coming week
Updated
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This is my view Here, we have seen GBP gaining a lot of pace against the dollar. Two reasons i see for that, positive brexit talks and the dollar itself very weak!
So i can see more upside for GBP because i dont see a no-deal brexit happening. This on the fundamentals level.
On technicals, we have a major down-trend that has been sucesfully broke on dec 2. Waiting to see the re-test around the zones marked with the arrows so we can enter long.
If price breaks down back inside the down-trend, we could try some shorts eventually. If it happens, will update.
Thanks for reading. Whats your opinion? Leave a comment!
This is my view Here, we have seen GBP gaining a lot of pace against the dollar. Two reasons i see for that, positive brexit talks and the dollar itself very weak!
So i can see more upside for GBP because i dont see a no-deal brexit happening. This on the fundamentals level.
On technicals, we have a major down-trend that has been sucesfully broke on dec 2. Waiting to see the re-test around the zones marked with the arrows so we can enter long.
If price breaks down back inside the down-trend, we could try some shorts eventually. If it happens, will update.
Thanks for reading. Whats your opinion? Leave a comment!
Note
First position closed in entry after running 50pips. Still looking for long as my opinion hasnt changed. We could see a brexit deal or a possible temporary deal that could work fine for GBP! Unless we see a bearish candle close around 1.3280, this is still valid
Trade closed: target reached
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