GBPUSD Trade Idea

GU is currently in a range bound condition. As per yesterday's forecast, a pullback towards 1.3480 technical support zone was expected, and price actually smashed through it. Today's Asia session, price is showing signs of strength pushing it back above 1.3480 zone. Will be focusing on short-term long opportunities today with 1.3570 - 1.3614 daily high as target ONLY if price stays above 1.3480. However, do pay attention to 1.3495 & 1.3527 minor resistance where potential sellers could step in. If the bearish sentiment continues, further drop back to 1.3438 yesterday's low is expected.

Trade safe.

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