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FOREXN1
Dec 9, 2022 11:37 AM

GBP/USD:BUY from Support Level in Bullish Trend for A LONG Setup Long

British Pound/U.S. DollarFXCM

Description

GBP/USD following the correlation with EUR and also the Gold it's inside a Bullish channel where the price is making Higher-highs and Higher-lows. Today the price uses the 50 Moving average as dynamic support to have a new pullback in the direction of the main trend. We are looking for a new Bullish impulse. The release of the economic news about the USD Core PPI m/m and PPI m/m may have a positive affect on the pair if the data will be negative.

Comment

Comments
JoeChampion
I agree, USD will continue weakening!
FOREXN1
@JoeChampion, Exactly
ProjectSyndicate
perfect perfect. great target
FOREXN1
@ProjectSyndicate, Thank you !
Lingrid
Interesting idea
FOREXN1
@Lingrid, Cheers
Cybernetics_tl
possibly ! it may get a short term correction , but overall, we agree! cheers
FOREXN1
@Cybernetics_tl, Thanks I appreciate !
DeGRAM
Thank you. Great job. Like it
FOREXN1
@DeGRAM, Cheers!
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