TradingAxis

GBPUSD > Best Place for A Buy!!

Long
FX:GBPUSD   British Pound / U.S. Dollar
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Analysis on #GBPUSD

after the last week, FED news and that two members are expecting a rate hike in the near future the market considered this as good news for the dollar.

I think the rally for the dollar is overblown and am looking for the best places to sell some dollars.

The pound now showing some weak support near 1.3800, if we hold the structure level here and we saw a confirmed reversal pattern here I will look to buy, otherwise, I will wait to see if the market will drop to the lower support level near 1.3700 as laid out on the chart.

Check today analysis below⠀

>>“There is no single market secret to discover, no single correct way to trade the markets.”


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-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
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Comments

Agree with your view.
I guess it will be a green week for the GBP.
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@H_E_D, thanks a lot
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