GBPUSD is currently in an uptrend reaching the 1,4167 a few days ago.
This is a serious resistance for price and that's why we saw a correction.
Now it looks like there will be another try for a breakout.
As of right now we could look for entries with the idea for a retest of resistance,
and then we will follow price action to see if it will actually breakout.
The weak USD expectations confirm the possibility of a breakout.
This is a serious resistance for price and that's why we saw a correction.
Now it looks like there will be another try for a breakout.
As of right now we could look for entries with the idea for a retest of resistance,
and then we will follow price action to see if it will actually breakout.
The weak USD expectations confirm the possibility of a breakout.
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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.