GBPUSD view for next week
Updated
Bit of a messy chart here, but we can see the pink bullish trendline being broken and retested earlier today. Price has been trending inside the black channels, forming a flag pattern.
What I'm looking for next week is price to drop to 1.30500 and look to buy around that area, which was previous support + we have the 38.2% Fib retracement there.
Target would be 1.31777.
What I'm looking for next week is price to drop to 1.30500 and look to buy around that area, which was previous support + we have the 38.2% Fib retracement there.
Target would be 1.31777.
Trade active
1.3055Trade closed: target reached
1.3180
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