GBPUSD 31/05/2021 Correction for Going Higher
Here is my continuation analysis of GBPUSD. Last week from my previous analysis, GBPUSD was hitting my TP1 area projection. And from that area GBPUSD bounce back to 1.4200 areas today. This indicates to me, that GBPUSD is ready to going to the upside again. As we can see GBPUSD in a 4h timeframe already making a channel to the upside. For today, I am expecting that GBPUSD will do retracement to the 1.4115-1.4135 area before going to the upside again and targeting the 1.4300-1.4325 area.
Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis.
Share your thoughts or ideas in the comment section below and give support by giving like thumbs and sharing with your friends.
Cheers.
Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis.
Share your thoughts or ideas in the comment section below and give support by giving like thumbs and sharing with your friends.
Cheers.
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.