GBP/USD bullish opportunities
Updated
Similarly to EUR/USD, the price broke a long bearish period to the upside.
https://www.tradingview.com/chart/EURUSD/spyKp52G-EUR-USD-bullish-opportunities/
https://www.tradingview.com/x/uvEPKNSg/
A retest around 1.215 is expected, which corresponds to the 0.786 fibonacci level and a high volume area. If the price retraces, one should be careful to look for a long in this area.
https://www.tradingview.com/chart/EURUSD/spyKp52G-EUR-USD-bullish-opportunities/
https://www.tradingview.com/x/uvEPKNSg/
A retest around 1.215 is expected, which corresponds to the 0.786 fibonacci level and a high volume area. If the price retraces, one should be careful to look for a long in this area.
Note
The price continues to move as expected, approaching the area of our interest. Tomorrow the US CPI data comes out, a different data than expected could change our outlook and in case keep us ready for a change in our forecasts.
However, the indicated zone remains interesting for both a long bounce and a short change.
Order cancelled
In the end, the dollar reacted very strongly to the American inflation data. As a result, the price didn't reach the target I had set for a retracement. I'm aware I had been quite conservative, but nonetheless, we didn't incur any losses. Now, we'll need to find a new retracement zone relative to the recent rise; we're waiting on the sidelines
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