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RealistFX
May 3, 2021 2:59 PM

GBPUSD - PREDICTION  Long

British Pound/U.S. DollarFXCM

Description

Would have been a really good buy off the support and fib area but stick to the trading plan and we don't do Bank Holidays.

This is the best trade on GU, clean traffic to the left and will have clear bullish intent once broken the pennant and April highs. Also would break the key 1.40 level and good to 1.42 from there. Expect some chop for a few days as the day umms and arr's about the depth of its corrective phase.

Don't forget next week the UK indoor hospitality re-opens, further aiding the economy.
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