Since the recent low of just under 1.37, GbpUsd traded to the upside putting in a series of higher lows on our chart.
The long term trend is clearly up and I believe that a break above recent short term resistance will follow.
Considering we are speaking about Gbp, a spike under 1.38 is very probable and this can be a good opportunity for bulls to enter the market.
1.4 is a reasonable target and, on the other hand, a daily close under 1.37 would negate this scenario
The long term trend is clearly up and I believe that a break above recent short term resistance will follow.
Considering we are speaking about Gbp, a spike under 1.38 is very probable and this can be a good opportunity for bulls to enter the market.
1.4 is a reasonable target and, on the other hand, a daily close under 1.37 would negate this scenario
Note
Gbpusd is trading above resistance.A daily close above this level would confirm my bullish outlook and expose 1.4
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.