GBPUSD is trading in a long-term bullish trend. After the price set a new higher high on a daily, the market retraced. The pair is currently approaching a horizontal key support.
To buy the market with a confirmation, watch a double bottom pattern on 4H. 1.2753 is its neckline. If the price breaks and closes above that on a 4H, it will confirm the initiation of a bullish movement.
A bullish continuation will be expected then. Goal will be 1.2826
If the price sets a new lower low, the setup will become invalid.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.