GBPUSD as we expected has rejected from 1.36600 after taking all the liquidities from the lower side and shot up all the way up on the event of 04/02/2021.
As discussed GU retained its BULLISH Momentum and DXY was BEARISH from Yesterday 05/02/2021 after the NFP was out which again was expected by us.
GBPUSD on Weekly, Daily looks Bullish and We expect TWO possibilities this week.
1) Mitigation Due from 1.36050 which is an IC and also an Imbalance.
2) Target on upper side due which is 1.38000/1.38500 and then shall fall from 1.38000/1.38500 to 1.36050 to mitigate the IB and IC.
However, We are looking at DXY to continue its BEARISH BIAS for the upcoming week after looking at the 05/02/2021 closing.
Kindly take this analysis for educational purpose only.
Disclaimer: We are not liable for any losses occurred while taking these setups. Trade Responsibly and Patiently.
Trade based on the markets momentum.
Good Luck.
As discussed GU retained its BULLISH Momentum and DXY was BEARISH from Yesterday 05/02/2021 after the NFP was out which again was expected by us.
GBPUSD on Weekly, Daily looks Bullish and We expect TWO possibilities this week.
1) Mitigation Due from 1.36050 which is an IC and also an Imbalance.
2) Target on upper side due which is 1.38000/1.38500 and then shall fall from 1.38000/1.38500 to 1.36050 to mitigate the IB and IC.
However, We are looking at DXY to continue its BEARISH BIAS for the upcoming week after looking at the 05/02/2021 closing.
Kindly take this analysis for educational purpose only.
Disclaimer: We are not liable for any losses occurred while taking these setups. Trade Responsibly and Patiently.
Trade based on the markets momentum.
Good Luck.