Get started
TheWallPipsJournal

GBPUSD - The Green strikes back on Job and Manufacturing report

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
TheWallPipsJournal  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Lines Double Top or Bottom Forex forexsignals forextrading forexanalysis GBPUSD gbpusdshort gbpusdsignal gbpusdanalysis forextrader
2
0
trendline doubletoporbottom forex forexsignals forextrading forexanalysis gbpusd gbpusdshort gbpusdsignal gbpusdanalysis forextrader
Hi,

Yesterday we saw above average results for the US on the job and manufacturing report. There was also a positive report on the effectiveness of Covid-19 vaccine. These reports might spark the optimism towards the economy of the US.

Back to the chart, if we are looking on the 4H chart, the channel has been broken. Interestingly, there was a double top before the channel broke which signal the USD might have a comeback for the pair.
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.