Our GBPUSD trade which was entered at the start of the week hit out Take profit mark at around +6 percent in profit. This trade was effectively active for around 60 minutes in total before activating our TP zone automatically.
GBPUSD seems to continually be bullish, after Brexit deal finalised and only a slight restraint on lockdown rules, potential for more upwards movement! TVC:DXY continually bearish which backs the bullish potential. Triangle pattern forming including increased spacing on the 20,50,200 ema.
We can already see price testing support area @ 1.29285, as the markets closes for the weekend. What we could see during the opening of the London market session is either price re-testing the support area, so the big boys can stop hunt those who are holding their sell positions over the weekend, then a complete bullish movement. Or for price to continue on the...
GBP USD, according to the US data release today we we will expect US Strong, which will provide a good set up for USD JPY and Of course GBP USD
After this impulse of the pair we will need to recover in order to push lower.
First we have 1.28520 on the cards, However a clean break of 1.30 on the Daily time frames will me this trade invalid.
Furthermore the ...