GBPUSD
GBPUSD finally confirmed its temporary uptrend after bullish engulfing last night, broke resistance 1.08693 and reached resistance 1.10793. The price probably will make a price correction today to its new support at 1.08693 before another attempt to penetrate resistance 1.10793 will be carried out up to the 100 MA at 1.12016. Stay alert because on a major or daily basis, Cable is still in a strong downtrend. Be careful, because today is the last day of the month. Where is the possibility that the price will make a correction to close the monthly candle.
Possible to take
Doing BUY on this pair does not get a good RR.
R3 1.13025
R2 1.12520
R1 1.12016
PV 1.10793
S1 1.08693
S2 1.07258
S3 1.06417
GBPUSD finally confirmed its temporary uptrend after bullish engulfing last night, broke resistance 1.08693 and reached resistance 1.10793. The price probably will make a price correction today to its new support at 1.08693 before another attempt to penetrate resistance 1.10793 will be carried out up to the 100 MA at 1.12016. Stay alert because on a major or daily basis, Cable is still in a strong downtrend. Be careful, because today is the last day of the month. Where is the possibility that the price will make a correction to close the monthly candle.
Possible to take
Doing BUY on this pair does not get a good RR.
R3 1.13025
R2 1.12520
R1 1.12016
PV 1.10793
S1 1.08693
S2 1.07258
S3 1.06417