GBPUSD is poised for a strong rally with a potential upside of 300+ pips, confirmed by earlier analysis on the DXY. We’re anticipating the DXY to move down into its daily demand zone, after which it’s likely to fill the Fair Value Gap (FVG) on the Daily timeframe. This setup aligns well for a GBPUSD buy, keeping in mind that this rally is a move toward supply.
Our target is set around the 1.3250 level, where we’ll be watching for bearish signals to potentially reverse the position.
Also, check out my profile for a detailed EURAUD setup!
Our target is set around the 1.3250 level, where we’ll be watching for bearish signals to potentially reverse the position.
Also, check out my profile for a detailed EURAUD setup!
Note
Here is a link to an update on this Setup Pre NFP
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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.