GBPUSD May Keep Growing Next Week! Long

British Pound/U.S. DollarFXCM

Description

⋅ May 30, 2020 7:44 AM

GBPUSD is trading within a rising parallel channel .

Next week we can expect a bullish continuation from its support.

The next goal for buyers is 1.2425 structure resistance based on 618 retracement of a major leg.

Comments

mnbhatti99

⋅ May 31, 2020 2:15 AM

Nice chart and hope will be touch 1.25000

michaeldobfx

⋅ May 30, 2020 10:03 PM

I agree, definitely more room for upside. But I would be careful of the consolidating triangle on the daily...

VasilyTrader

⋅ May 30, 2020 7:45 AM

Are you bullish biased on GBPUSD pair?

AllisonCooke

⋅ Jun 7, 2020 12:41 PM

Thanks for sharing

peterleongwaihim

⋅ May 31, 2020 2:00 AM

Good write up

Jasmeenkaur

⋅ May 31, 2020 1:32 AM

Nice set- up