only123456

GBPUSD technical analysis.1.34

Long
FX:GBPUSD   British Pound / U.S. Dollar
In my previous analysis I said (GBP bounce back from resistance now we have two scenario once it continue uptrend second retracement towards nearest support. We need to watch what it do next if it broke that resistance then see a new uptrend and our target is resistance 1.380)

My previous analysis of GBPUSD link.


I think it continue its uptrend because if you look at RSI indicator or MACD indicator they clearly showing up trend in hour, weekly and monthly chart. If this fail then it do some retracement towards nearest support (1.34400).

Weekly and monthly chart



If you agree then like idea and support me.
Mention your thought in comments :)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.