GBP_USD Forecast: Pound to retest new high? Expect volatility
As British pound found a strong support at 1.36 level creating a double bottom, followed by two bullish engulfing candles.
It is now ready to retest a new high, with two trades expected to come up.
Buy at the support 1.38 with target at 1.43 level.
Sell at the resistance 1.43 with target at 1.38.
Once completed, it will start the higher high moves coming into the next few months.
It is now ready to retest a new high, with two trades expected to come up.
Buy at the support 1.38 with target at 1.43 level.
Sell at the resistance 1.43 with target at 1.38.
Once completed, it will start the higher high moves coming into the next few months.
Order cancelled