GBPUSD had a bullish breakout but has pulled back due to the bullishness of DXY.
The pound isn't weak as we have seen that as soon as DXY dropped the pound rocketed up! It's a matter of time before DXY finds a significant resistance and GBP will start to move bullish against the dollar.
It's currently a bank holiday in the UK so we can expect low movement until Tuesday and from then the LDN session should be volatile. I am expecting pullbacks and I will long them if the DXY looks bearish and finds rejections from 100.60-80.
Follow the link below!
The pound isn't weak as we have seen that as soon as DXY dropped the pound rocketed up! It's a matter of time before DXY finds a significant resistance and GBP will start to move bullish against the dollar.
It's currently a bank holiday in the UK so we can expect low movement until Tuesday and from then the LDN session should be volatile. I am expecting pullbacks and I will long them if the DXY looks bearish and finds rejections from 100.60-80.
Follow the link below!