GBPUSD - Long term setup pending

FX:GBPUSD   British Pound / U.S. Dollar
We made some progress with GU this last week on the small time frames and reflecting back on the week can now start to look back on the higher timeframes for next week's trades.

It's hard to show but if you mark out the level 1.33288 on the daily time frame and look back you will see how respectful this level is and why it is of interest. When price inevitably reaches here we will be looking to enter a long term trade on the pair. First target will be back to the trend line which we expect will break and then we can look to get in another position. Let's see what next week brings!

drop me a message to get a head start on next week on telegram @trueforexx


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