GbpUsd- to break above resistance?
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
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.