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Gbpusdpa

Pound/Dollar has pulled back towards trend line and level 1.3337Here we are on Pound/Dollar daily chart and we can see price is drifting higher formed new high and now market has pulled back towards trend line and horizontal support level 1.3337, We have clear bullish tailed bar (which is also acting as engulfing bar) false break horizontal support area. We will be getting long on this market as we have good confluence factors putting weight behind this trading scenario such as trend, horizontal level, trend line and dynamic support layer 20/10 ema's came just below it and tailed bar buy signal itself. good trading!
Long
by HashamARehman
Updated

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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