GBPUSD > Is This Market Might Be Ready to Resume Its Uptrend!?
As always I appreciate you taking the time to read my analysis, and if you feel generous and kind today, give it a like and leave a comment it will support the creation of new free ideas for you.
Analysis of #GBPUSD
Hello friends.
the market is trying to regain 1.3800 and close above it, as you can see on the chart the market is at trend line support which now has been tested for the fifth time, to me that means higher chances of the trend might fail soon.
Anyway, one more sign for the bulls is the market came to a support level and bounced back to the upside.
another good sign for a buy is the market failed to close below 1.4800 which indicates bulls do care about this level.
all of the above might indicate the pound might be ready to resume the upside trend, however, things are not as easy as it was last year and we have to be vigilant and extra careful, as you can see market a very volatile and swinging between each bearish and bullish so fast
let me know in the comment what pair you want to see the analysis for in my next free analysis
Safe trading everyone
Check today analysis below⠀
_____________________________________________________________________________⠀
-Disclaimer: this information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and i have no reason to act on it and neither should you
Analysis of #GBPUSD
Hello friends.
the market is trying to regain 1.3800 and close above it, as you can see on the chart the market is at trend line support which now has been tested for the fifth time, to me that means higher chances of the trend might fail soon.
Anyway, one more sign for the bulls is the market came to a support level and bounced back to the upside.
another good sign for a buy is the market failed to close below 1.4800 which indicates bulls do care about this level.
all of the above might indicate the pound might be ready to resume the upside trend, however, things are not as easy as it was last year and we have to be vigilant and extra careful, as you can see market a very volatile and swinging between each bearish and bullish so fast
let me know in the comment what pair you want to see the analysis for in my next free analysis
Safe trading everyone
Check today analysis below⠀
_____________________________________________________________________________⠀
-Disclaimer: this information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and i have no reason to act on it and neither should you
