GBPUSD pulls back from the highs, uptrend to continue?
Hello, traders in my previous GBPUSD idea last week(previous idea attached below), I predicted
that GBPUSD would continue the uptrend from 1.2350 and only 1.2520 would offer some resistance.
As you can see, price moved exactly as I predicted.
Currently, GBPUSD is finding some support at 1.2350 level. Price is also hovering around the dynamic
support in the 4H chart. Keep in mind that 1.2350 is the key level. A break of this level would see
GBP/USD fall further towards 1.22.
However, the key level has not broken yet. So, we can consider long entries as long as price stays above
1.2350.
that GBPUSD would continue the uptrend from 1.2350 and only 1.2520 would offer some resistance.
As you can see, price moved exactly as I predicted.
Currently, GBPUSD is finding some support at 1.2350 level. Price is also hovering around the dynamic
support in the 4H chart. Keep in mind that 1.2350 is the key level. A break of this level would see
GBP/USD fall further towards 1.22.
However, the key level has not broken yet. So, we can consider long entries as long as price stays above
1.2350.
