financialflagship

GBP/USD – Week 13 – Targeting the support area.

Short
FX_IDC:GBPUSD   British Pound / U.S. Dollar
Last week, our forecast for GBPUSD came-out to be correct, as the price reached the support area and hit our first target.
For this week, we expect the pair to increase correctively until it reaches the “liquidity pool” area highlighted on the chart. After this move will finish, we are expecting the price to fall towards the support area .
The most notable news events for this week will be the British GDP numbers release that will take place on Wednesday and the US Non-Farm Payrolls and Unemployment rate data that will take place on Friday.
Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade closed manually: The price is moving correctively.