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Analysis of #GBPUSD
The sentiment is very strong for GBPUSD everyone is expecting a swift and fast economic recovery, technically the price could be aiming for its 200MA, which previously stopped it out to the pip.
we could be having here a potential resistance line, that could stop the pair fro continuing up however as a structure-based trader i want to see price reaching the previous structure at the 200MA, also a psychological number 1.2600 to think of selling this one.
âš Please note the ideas is valid only if it happened as I said above
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Check today analysis below
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I agree Lets see what the outcome will be tomorrow The problem is DXY It is still dropping In other words we can reach 1.2600 and maybe sell off The market today and yesterday was like gambling at a casino ?????LOL
TheTradersAvenue
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@DanielLubbe, exactly, I don't see support for DXY until 95.00