GBPUSD Trade Idea

17 בדצמ׳ 2020

GU is overall trending upwards, breaking previous channel formation visiting 1.35 resistance. Today's trade idea will be mainly focusing on the long opportunities if GU breaks through the 1.3550 previous daily high with 1.36 as the primary target. If price failed the previous day resistance, we might see some short-term ranging condition between 1.3460 - 1.3550, or even deeper pullbacks to 1.34 support zone before the continuation.

Trade safe.