A resumption in uptrend for GBP/USD is possible now
Overview- GBP/USD is slowly consolidating in the support area now. Therefore,
there is a good chance that the uptrend may resume soon
Analysis - From the chart you can see that bullish candlesticks have formed at the
support level. Price is also clearly above the 100 DMA which means uptrend is still intact. A
possibility in resumption of uptrend towards 1.40 is growing.
Probable trade set-up - Based on this, a buy at 1.3730 with SL below 1.3650 and
TP at 1.40 is a possible buy signal.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.
there is a good chance that the uptrend may resume soon
Analysis - From the chart you can see that bullish candlesticks have formed at the
support level. Price is also clearly above the 100 DMA which means uptrend is still intact. A
possibility in resumption of uptrend towards 1.40 is growing.
Probable trade set-up - Based on this, a buy at 1.3730 with SL below 1.3650 and
TP at 1.40 is a possible buy signal.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.
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.
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.