MD13Financial

GbpUsd | Brexit on one end, Trump on the other

Long
FX:GBPUSD   British Pound / U.S. Dollar
Weekend: Price saw fit to complete the market flow pattern I've been anticipating. Once again, massively bullish to end the week. On the daily, same story. I would like to note that price did not close at or above the 1.2750 quarter point. I see a retrace to start the week before pushing higher. Retrace looks like it'll be in the neighborhood of 1.2575/1.2550. Being vigilant this week since GBPs have lots of energy at the moment.

Today: Price closed bearish here on the daily and also retested breached supply. This is essentially the same price action as GbpJpy. My next area of interest for buy opportunities is 1.26040 with targets 1.275 and 1.300
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.