GBPUSD waiting for a break or pullback?
Updated
Hello
According to the chart, we expect the growth of GBPUSD up to the important resistance range, which includes the dynamic moving resistance of 200 and the specified static resistance, and there we expect a failure or a pullback, in case of failure, we expect growth up to the range indicated as a dotted line in the chart. and in the case of a pullback, we expect correction up to the range specified in the chart.
My personal opinion is that the possibility of correction is higher than the specified range, but a definite decision cannot be made until the price reaches it.
Please post your opinion
Thanks
According to the chart, we expect the growth of GBPUSD up to the important resistance range, which includes the dynamic moving resistance of 200 and the specified static resistance, and there we expect a failure or a pullback, in case of failure, we expect growth up to the range indicated as a dotted line in the chart. and in the case of a pullback, we expect correction up to the range specified in the chart.
My personal opinion is that the possibility of correction is higher than the specified range, but a definite decision cannot be made until the price reaches it.
Please post your opinion
Thanks
Trade closed: target reached
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