British Pound / U.S. DollarUpdated GBPUSD Trade Idea
GU is currently in a range bound condition after an extended uptrend move. In yesterday's forecast, I expected price to re-test the 1.3480 technical support and begin to shows upwards momentum towards 1.3527. Will be focusing on short-term long opportunities once price violates 1.3527 minor resistance, preferably a break & re-test setup with 1.3575 & 1.3617 as targets. However, if price once again fail the 1.3527 (yesterday's high), we could expect short term pullback towards 1.3480.
Trade safe.
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Trade safe.
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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.