I see that many people are bearish GBPUSD, calling for 1.43 and 1.35 long term.
I, for one, isn't. I'm already long EURUSD from 1.2800:
and looking to go long against GBPUSD 1.5270 (double top resistans).
A break above 1.5400 should change the bearish sentiment.
If 1.5280 is taken out, look for 1.5030 to keep bullish basis intact.
The hammer on the monthly chart is a very big deal.
Target is 1.5800 for now.
I will update this idea many times in the coming weeks.
Of course the major trend is down, so be careful,
but I think there is good potential for the upside.
Here is a chart with levels:
I, for one, isn't. I'm already long EURUSD from 1.2800:
A break above 1.5400 should change the bearish sentiment.
If 1.5280 is taken out, look for 1.5030 to keep bullish basis intact.
The hammer on the monthly chart is a very big deal.
Target is 1.5800 for now.
I will update this idea many times in the coming weeks.
Of course the major trend is down, so be careful,
but I think there is good potential for the upside.
Here is a chart with levels: