GBPUSD was supported by monthly BZ, then went higher on Friday to my PHOD before coming down and closed near the mid. DXY strengthened while indices rallied though it cooled off towards the end. I am still longer term bullish dollar but today might see a pullback near term. Can be cautiously bullish above BZ 1.2353 for a move to 1.2373 and max 1.2391. If price trades below PZ, look for a re-test of 1.2300 but that should hold. Fading the two extremes should work for today.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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.