Analysis of #GBPUSD
The GBPUSD rallied strongly after Friday's NFP news, as did many other pairs, I don't know if this move will continue, but let's watch and see.
as you can see on my chart, we have broken trendline support, not become a trendline resistance.
Broken structure support now became structure resistance, near key market level 1.1400.
we also have short-term trendline resistance, all coinciding near 1.1400.
I will be looking for a reversal pattern near this zone to get ina a sell trade targeting the previous ows
Thanks for your continued support!
The GBPUSD rallied strongly after Friday's NFP news, as did many other pairs, I don't know if this move will continue, but let's watch and see.
as you can see on my chart, we have broken trendline support, not become a trendline resistance.
Broken structure support now became structure resistance, near key market level 1.1400.
we also have short-term trendline resistance, all coinciding near 1.1400.
I will be looking for a reversal pattern near this zone to get ina a sell trade targeting the previous ows
Thanks for your continued support!
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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.