GBPUSD LONG SETUP
GBPUSD is smoothly following the UPTREND which started since March 2020 coronavirus low, the UPTREND been so promising and eventually take price above 1.3340 in December,2020, above the resistance zone of the 25years WEDGE PATTERN which i've been talking about months before then, the WEDGE can be easily viewed on the weekly and monthly chart.
After the breakout price continued nicely in the UPTREND, clearing minor pivots with retests holding and up rally continuation, last week we saw new high, so i'll be expecting price to treat the previous week high @ 1.3950 as new support and continue high with the overall target i've been talking about for few weeks @ 1.4350 still valid and where I'll close part of open positions on the pair.
After the breakout price continued nicely in the UPTREND, clearing minor pivots with retests holding and up rally continuation, last week we saw new high, so i'll be expecting price to treat the previous week high @ 1.3950 as new support and continue high with the overall target i've been talking about for few weeks @ 1.4350 still valid and where I'll close part of open positions on the pair.
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