GBPUSD made a strong weekly gain but gave up a portion of it at the end of the week.
The drop caused a break in the upside momentum and could cause the market to consolidate first.
This week, we will wait for the price to climb a little higher first and look for selling opportunities around 1.3570.
We will also be looking for a buying opportunity at 1.3500 when price pulls back further.
The drop caused a break in the upside momentum and could cause the market to consolidate first.
This week, we will wait for the price to climb a little higher first and look for selling opportunities around 1.3570.
We will also be looking for a buying opportunity at 1.3500 when price pulls back further.
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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.
Related publications
Disclaimer
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.