Hello Traders!
GBP USD is trying to convert in buy momentum to me and it is highly expected that this currency pair shall continue in the upward direction.
It may come back to the nearest support zone which is between 1.3556 and 1.3578. Our GBP USD forecast today does not suggest that you immediately buy this currency pair when it reaches to the support zone. But this support zone is the area where we need to look for any strong price action before opening our buy entry.
If GBP USD starts moving upward as expected than the previous resistance zone which has already been respected by it, shall not be considered a resistance zone. Therefore, as soon as it reaches back up to between 1.3615 and 1.3620 resistance zone. This should not be a resistance zone now.
Looking at the current 4 hourly chart, the next prominent resistance zone is between 1.3717 and 1.3734. And it could be the expected exit point of the GBP USD trading strategy today.
Good Luck.
Happy trading!
GBP USD is trying to convert in buy momentum to me and it is highly expected that this currency pair shall continue in the upward direction.
It may come back to the nearest support zone which is between 1.3556 and 1.3578. Our GBP USD forecast today does not suggest that you immediately buy this currency pair when it reaches to the support zone. But this support zone is the area where we need to look for any strong price action before opening our buy entry.
If GBP USD starts moving upward as expected than the previous resistance zone which has already been respected by it, shall not be considered a resistance zone. Therefore, as soon as it reaches back up to between 1.3615 and 1.3620 resistance zone. This should not be a resistance zone now.
Looking at the current 4 hourly chart, the next prominent resistance zone is between 1.3717 and 1.3734. And it could be the expected exit point of the GBP USD trading strategy today.
Good Luck.
Happy trading!
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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.
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.