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Charl13Scrutton
May 9, 2021 6:48 PM

GBPUSD- Waiting for the DXY  

British Pound/U.S. DollarFXCM

Description

GBPUSD had a bullish move at the end of the week. Depending on whether the DXY keeps falling, if the DXY keeps falling we will see GBPUSD move further up to the next resistance level. However, I believe at the start of the week we could see a pullback on the DXY which will cause GU to fall to around my trendline and support area, from there we could see price action use the trend and support level to push back above the previous daily high.

Comments
BitonGroup
good idea
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