Analysis of #GBPUSD
The GBPUSD is on an uptrend after the recent events that happened, I suspect the pound is running out of steam.
Looking at my chart I have highlighted 2 important levels for sell and buy, as you can see
we have an important key market resistance level near 1.1800, a good level to start looking for a sell entry.
On the other hand, we have a strong shelve support level near 1.1400 also trendline support where I believe we will see traders coming back to the market to buy the GBPUS, which would be a good buy entry
Thanks for your continued support!
The GBPUSD is on an uptrend after the recent events that happened, I suspect the pound is running out of steam.
Looking at my chart I have highlighted 2 important levels for sell and buy, as you can see
we have an important key market resistance level near 1.1800, a good level to start looking for a sell entry.
On the other hand, we have a strong shelve support level near 1.1400 also trendline support where I believe we will see traders coming back to the market to buy the GBPUS, which would be a good buy entry
Thanks for your continued support!
