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British Pound / U.S. Dollar
Short

GBPUSD ready for correction!

By Mudza
Updated
Analysis of the GBPUSD pair, after successfully breaking out of the consolidation zone for quite a long time the pair was quite aggressive showed a strong uptrend trend, plus news factors about the victory of Borris Johnson in the election in the UK. But to be able to resume the increase it seems GBPUSD needs to "breathe" deeper (correction) and start showing symptoms of correction on the daily candle.

  • Entry price : 1.3443
  • Stop loss : 75 pips
  • Take profit : 220 pips
Trade closed: target reached
Supply and DemandSupport and ResistanceTrend Lines
Mudza

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