BabyBoyGU

BabyBoyGU

In the following you'll see the possible direction for GBPUSD for the coming weeks. I do believe GU is Bullish Long Term. Currently I believe it will climb to 1.322. Following that a retracement to 1.283, Once rejection is found around this zone We are Bulls till 1.374. BTW This is a rough plan.

BabyBoyGU

Market rejected a previous high, so we can expect shorts to support, before a continuation of the bullish trend.

BabyBoyGU

Above is a Top Down Analysis of GBPUSD, Based off how market has reacted to my levels. I therefore see it pushing Top Side.

BabyBoyGU

Here we have a Short Entry for GU on the 1H timeframe, Market is has to respect previously broken highs and retest before continuing with the bullish trend.