GBPUSD I Short is up 100 pips 🎯 Long opportunity coming soonWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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Gpdusdlong
Break and retest on GPBUSD Daily TFGBPUSD broke out of the resistance and it has turned the previous resistance now to support.
I am anticipating a continuous upward trend to the to the target levels marked above.
However, if price falls back below the support, I may look for a sell short. (GU hasn't ben my favourite to trade lately)
What is your anticipation? Kindly Like, comment and share
GBP Gains Momentum Following Up-beat UK DataIt seems like the bulls are in play following up beat CBI and Net borrowing data in the UK.
Price has finally broken the descending channel resistance and closed beyond the horizontal resistance it was struggling to break.
A re-test of the resistance is always likely, but I missed too many trades this week waiting for a re-test that never came, so I'm getting in early and keeping my stops away from the trendline.
GBPUSD Testing Its Support, Prepare For A Bounce!Buy above 1.3191.
Stop loss at 1.3149.
Take profit at 1.3301.
Reason for the trading strategy (technically):
GBPUSD is testing its support at 1.3191 (61.8% Fibonacci extension x2, 61.8% & 50% Fibonacci retracement, horizontal overlap support) where price is expected to bounce to its resistance at 1.3301 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.3% where a corresponding bounce is expected.