GBP Strength this week (intraday Idea) Long

GBP/USDOANDA

Description

⋅ May 3, 2021 7:29 PM

GBP showing strength this week and DXY continuing down trend.

Cup and Handle pattern forming. (see chart)

My bias stays long again this week. Its only Monday and we've made up the ground we lost on Fridays tumble.

Have a Great Week <3

Comments

bomoju

⋅ May 4, 2021 8:40 PM

is going to breach 1.4 on Thursday

Jesstradesfx

⋅ May 4, 2021 10:08 PM

@bomoju I believe so ...

wahidro

⋅ May 4, 2021 6:50 PM

Do people believe in cup and handle?

Jesstradesfx

⋅ May 4, 2021 7:27 PM

@wahidro, its cable - anything can happen. its like a naughty child...

pcnafi

⋅ May 4, 2021 2:38 PM

in my opinion it will breka previous resistant and will go more down,

HoodieBaz

⋅ May 3, 2021 8:45 PM

Clean analysis, 1.40000 is a big level for pound. DXY will be an interesting watch too headed into NFP :)