FX-TradingLions

GBPUSD | SEEMS LIKE A GOOD BUYING OPPORTUNITY

Long
FX:GBPUSD   British Pound / U.S. Dollar
Hey Traders,

GBPUSD seems like a good buying opportunity its trending towards the up-side on multiple timeframes and respecting the moving averages.

GBP tends to pullback after a short burst off power so I expect this trade so have a push exhaustion push cycle before it continues to push towards the upside.

Weekly we have developed a bullish engulfing candle bounce inside the 25-50 moving averages this usually confirms a bullish bias.

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