British Pound / U.S. DollarUpdated GBPUSD Trade Idea
In yesterday's analysis, I expected GU to re-test 1.3617 zone for bearish continuation opportunity. Market did have a sell-off, however, it failed to re-visit previous day low (1.3548) and buyers stepped in pushing the market higher. Currently we are having higher lows sequence, will be looking for short-term buying opportunities back to daily high at 1.37, or further target towards 1.38 zone. However, be aware that sellers could once again takeover bringing price back to 1.3550 zone, only take any long position with strong candlestick trigger showing us that buyers are still highly interested in the pair.
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.