GBPUSD: 4HR Breakout, wait for retest
I believe we've broken out of the 4HR descending retracement and showing clear bullish signals.
We have general GBP strength, only thing capping this is DXY looking ok today too, however I think we'll get to the 104.3 ceiling area and am expecting a continuation back down.
We have a breakout and currently retesting, so looking for a long.
Initial target will be around 1.271, however I think we'll see 1.285 and beyond soon!
We have general GBP strength, only thing capping this is DXY looking ok today too, however I think we'll get to the 104.3 ceiling area and am expecting a continuation back down.
We have a breakout and currently retesting, so looking for a long.
Initial target will be around 1.271, however I think we'll see 1.285 and beyond soon!
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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.