Hi everyone,
Despite a fundamentally turbulent week in the markets, our trading delivered a flawless run last week!
As highlighted in our previous idea, GBP/USD extended below the 1.34400–1.34750 zone before finding support above the 1.33800 level; right where we anticipated buyers would step in.
This week, we’re looking for a pullback into our first support zone before a renewed push higher toward the 1.36850 resistance level.
A decisive break above 1.36850 would bring the next key upside targets into focus. The impulsive rally from the 1st August low continues to underpin our bullish outlook on GBP/USD.
We’ll be monitoring price action closely to see how this structure develops in the sessions ahead.
The longer-term outlook remains bullish, with expectations for the rally to continue extending from the 1.20991 January low toward 1.40000 and 1.41700.
We’ll keep you updated throughout the week with how we’re managing our active ideas.
Thanks again for all the likes, boosts, comments, and follows — we really appreciate the support!
All the best for the week ahead.
Trade safe,
BluetonaFX
Despite a fundamentally turbulent week in the markets, our trading delivered a flawless run last week!
As highlighted in our previous idea, GBP/USD extended below the 1.34400–1.34750 zone before finding support above the 1.33800 level; right where we anticipated buyers would step in.
This week, we’re looking for a pullback into our first support zone before a renewed push higher toward the 1.36850 resistance level.
A decisive break above 1.36850 would bring the next key upside targets into focus. The impulsive rally from the 1st August low continues to underpin our bullish outlook on GBP/USD.
We’ll be monitoring price action closely to see how this structure develops in the sessions ahead.
The longer-term outlook remains bullish, with expectations for the rally to continue extending from the 1.20991 January low toward 1.40000 and 1.41700.
We’ll keep you updated throughout the week with how we’re managing our active ideas.
Thanks again for all the likes, boosts, comments, and follows — we really appreciate the support!
All the best for the week ahead.
Trade safe,
BluetonaFX
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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.
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
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.