British Pound / U.S. DollarUpdated GBPUSD trade idea
In the previous analysis (Thursday/ 3st Dec), I expected GU to re-test 1.3611 for further continuation setup, which was exactly what the market performed. However, always examine the strength of breakout as compared to the prior range to understand if it's a true breakout or probe. Coming into Monday's (4th Jan) session, we want to see some exhaustion candles and rotation back to re-test 1.3617 zone & trendline as confluences for further continuation. If 1.3617 zone is respected, looking for long-term buying opportunities with 1.38 as primary target.
Will keep it updated on Monday. Trade safe,
Do follow my profile for daily fx forecast.
Will keep it updated on Monday. Trade safe,
Do follow my profile for daily fx forecast.
Note
Previous analysis
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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.