GBP has been making higher lows into the resistance which to me shows its very close to breaking out I have shown 2 key levels which I believe will break this pair upwards. I believe the first buy level should be the one but because this pair has been very choppy we could see it shoot up from the second key level targeting 1.3800
@Wicktator, trend should continues but we all know fed, if it switches we will always be ready
WicktatorFX
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@Muizz_7, agreed! Have a look at my GBPUSD weekly chart that I posted. I’m looking for it to go a lot higher. Let me know your thoughts
CollegeofPips
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Let’s wait for the rally....thanks for sharing 🙏
UnknownUnicorn8928407
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Really? To me it just seems like price made multiple tops at a level and there's gonna be a liquidity spike or shakeout of those levels before going down remember price is at the top of its trading range
UnknownUnicorn8928407
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@thecredo101 check my idea on GU
Muizz_7
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@thecredo101 history always repeats itself gbp has broken out a huge resistance already, it’s strong across all pairs , we will see price retrace but until then I will ride the trend, the dollar is weak as well but let’s see how it plays out
@Muizz_7 but don't forget that DXY has been increasing by +0.14 in the last 24 hours while bxy has been reducing by 0.17
Muizz_7
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@thecredo101 true but then again bxy broke out of a multi year resistance unless it dips below that I will be comfortable on the uptrend and so far dxy has only retraced and still didn’t manage to shake GU up even after the big pull back so this shows the buyers are still strong, and I’ve just seen your idea it’s acc very understandable and it has a possibility that GU could retrace but I won’t enter a sell unless I see GU break out of certain zones so far it hasn’t shown me anything suggesting it’s even close to breaking downwards, going to be an interesting week regardless good luck with your trades and stay safe👍🏽