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Mihai_Iacob

GbpUsd- Ready for a rise?

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
Mihai_Iacob  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD gbpusdsignal gbpusdanalysis signals signalprovider signalservice forexsignals forexsignal
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trendanalysis chartpattern indicator gbpusd gbpusdsignal gbpusdanalysis signals signalprovider signalservice forexsignals forexsignal
Last week I draw attention to GbpUsd, which is approaching "pandemic" low at 1.14, and the possibility of a reversal from this point.
After a few days of consolidation at this point, yesterday is marked by a bullish pin bar that can be the signal for a reversal.
Buy dips against yesterday's low can be a good strategy and swing traders who target the resistance under 1.18 can also have a 1:3 R: R for a buy trade.

My previous GbpUsd analysis:

GbpUsd in pandemic low, correction could follow

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