going up 1.398 possible?

GBPUSD quickly recovered from yesterday's sell off when it reached near 1.383 and stayed above 50MA during Asia session.

I might be wrong but expect it continue to rise to firstly break 1.3938 and then retest 1.3981

HOWEVER, it if goes below 1.390 again I will lose my heart on this pair and stop trading on it for a week as from that point, I would consider GBPUSD reversal back to bulls a failed attempt.

I hate news affect but today we have major news from both UK and the US so good luck all, today'll be a judgement day... trade carefully.

Comment:

"GBPUSD quickly recovered from yesterday's sell off when it reached near 1.3983 and stayed above 50MA during Asia session."

I meant 1.3983... GL

Comment:

Hope everyone enjoyed today's roller coaster :) I nearly cracked my mug by just holding it a moment ago, :D

Now that pound (and EUR) has been defeated miserably, if it doesn't get back up above 1.392, I guess we'll all know what happens next... The chance would be tomorrow, GL.