GBPUSD: 4HR Breakout, wait for retest
Updated
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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