GBP/USD – Week 18 – What’s next?
Updated
As we anticipated in our last week’s outlook, GBPUSD continued to test the resistance and made a pullback that we anticipate to push the price higher after the latest drop.
For this week, we expect the price to correct and break the resistance area that we highlighted, having a chance to go beyond the $1.40 level.
Keep an eye on Friday’s NFP & unemployment rate data as it may impact the pair.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week, we expect the price to correct and break the resistance area that we highlighted, having a chance to go beyond the $1.40 level.
Keep an eye on Friday’s NFP & unemployment rate data as it may impact the pair.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade closed: target reached
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