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Nov 24, 2020 8:44 AM

GBPUSD H4 - Long Trade Setup Long

British Pound/U.S. DollarFXCM

Description

GBPUSD H4 - The big bearish H4 candle we saw yesterday was off the back of the USD data. A big move and excuse for some USD correction, big relief rally needed, but unlikely a trend changer, I think we can expect continuations of DXY and dollar weakness going forward this week, cable is a good example of a break and retest to set new highs and continue the bullish trend, check out AUDUSD and EURUSD analysis (to follow), hopefully we may see these follow similar suit.
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