There is a confluence in the weekly and 4HR chart. Both have buy signals so it means we buy the USD at 0.945, place a stop loss at 0.94 and take profits at this year's highs of 0.98.
More details at my analysis at forex.today
There is a likelihood of GBP gaining ground this week especially if today's candlestick is bullish. All we have to remember is that relative to last week, prices are down 80% and on Friday, March 3, some bullish candlesticks printed in the 4HR chart. What is important now is a follow through and rejection of lower lows. If bulls clear Friday's highs in the daily...
