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Simply4ex
Oct 6, 2020 11:51 AM

2 possible long setup for GBPUSD Long

British Pound / U.S. DollarFOREX.com

Description

Scenario 1: Confirmed break and retest of 1.30 will target 1.34

Scenario 2: A pullback toward and test of previous support at 1.2770-50 region before the next leg up. This will also create an inverted H&S formation on daily and a stronger push upto 1.34 region and beyond.

Comment

Still no direction. Awaiting a valid setup
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