GBPUSD has quite a textbook setup on at hand, I'm abit late to the party bus but the road is still 90 pips from destination.
1. We have Higher highs and Higher lows at hand.
2. We have had multiple wick rejections at the support of 1.38500 signalling a retest and a potential upside move.
3. Our retest at 1.38500 aligns with the 61.8 fibonacci region
Lastly, if we manage to have a strong bullish closure above the MA's , I am quite confident that GBPUSD will rise up to 1.400
1. We have Higher highs and Higher lows at hand.
2. We have had multiple wick rejections at the support of 1.38500 signalling a retest and a potential upside move.
3. Our retest at 1.38500 aligns with the 61.8 fibonacci region
Lastly, if we manage to have a strong bullish closure above the MA's , I am quite confident that GBPUSD will rise up to 1.400
Trade closed: target reached