British Pound / U.S. DollarUpdated GBPUSD Trade Idea
GU is currently in a strong uptrend with the recent upwards breakout of 1.3617 daily resistance zone. In the previous analysis (Saturday / 2nd Jan), I expected GU to re-test 1.3617 zone with trendline confluence for further bullish continuation. The setup remains the same today, Ideally i expect the market to re-test the 1.3617 technical support zone for a break & re-test setup. However, if price just continue its bullish momentum will be looking to enter the market with any pullback/ exhaustion patterns (Eg. flag, pennant, 1st pullback rule), with 1.38 as the target.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Note
Previous analysis
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.