Cable's next weekly resistance zone - 1.48-1.5
Since the latest Brexit Poll, GBPUSD exploded from 1.4 to 1.46.
That was a continuation move for the rally that started from 1.38 after the completion of a bullish Crab
GBPUSD was the only currency among the Majors the defied the dominance of the mighty Dollar..
Now it is reaching a weekly resistance you should pay attention to - 1.48-1.5.
Weekly structure and the 50 weeks MA line may prevent GBPUSD from advancing higher and perhaps send it lower for a short term pullback.
Tomer, The MarketZone.net
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That was a continuation move for the rally that started from 1.38 after the completion of a bullish Crab
GBPUSD was the only currency among the Majors the defied the dominance of the mighty Dollar..
Now it is reaching a weekly resistance you should pay attention to - 1.48-1.5.
Weekly structure and the 50 weeks MA line may prevent GBPUSD from advancing higher and perhaps send it lower for a short term pullback.
Tomer, The MarketZone.net
Follow me on TradingView
Follow my blog - goo.gl/TWWN8C
Subscribe to my mailing lists - goo.gl/JfOLoR
Trade closed manually:
Bearish setup reached target - Testing support before Brexit