British Pound / U.S. DollarUpdated GBPUSD Trade Idea
GU is currently in a strong uptrend, finally breaking the 1.3617 resistance. In yesterday's forecast, I expected GU to break above 1.3527, make a re-test and continuation to visit 1.3617 high which was exactly what the market performed. Will be focusing on long-term buying opportunities after some exhaustion pattern (eg, flag, pennant, higher lows, etc) or a re-test at 1.3610 zone for further continuation. The initial target will be at 1.38, however, do pay attention to 1.3711 resistance. Avoid holding overnight position today due to the public holiday and possible weekend gap.
Trade safe.
Do follow my profile for daily fx forecast.
Trade safe.
Do follow my profile for daily fx forecast.
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.