Jesstradesfx

FRI-YAY | GBP/USD - Final update his week..

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
As expected GBP reached 1. 40 level yesterday. I was thinking that it may reject this area which it did with impeccable timing from bad UK news this morning at 7am.

Pullback finished around 1.3910 about an hour ago. I did place a cheeky long position at 1.3910 which the expectations it will continue up from here.

Its Friday - be careful as sometimes Cable likes to act like a naughty child at the end of the week with stop losses getting taken out just before we break for the weekend.

13.30 GMT News in the US - PPI - if anything this should make the DXY drop a little just to give cable a final push to the upside.



NEXT WEEK - clearing all my analysis when the markets close tonight and will post a fresh set of idea monday.




Have a lovely weekend and safe trading :-)

Comments

This is a great set up.
Normally I don’t trade Fridays but just analyse my charts.
Reply
Good analysis. Going to wait for another drop below 1.39100 then I’ll be placing a long position
Reply
Jesstradesfx Stanners92
@Stanners92, Awesome - always better to wait <3
+1 Reply
Im in the trade now got an entry of 1.38961 👏🏻 thank you for analysis, will give you a follow
Reply
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