#GBPUSD
- Currently the MARKET SENTIMENT for GBPUSD is slightly UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, XXXUSD PAIRS are being BUYed slightly higher because the FED is a bit dovish.
- The price can definitely move up to the...
Price facing recent resistance at 1.1524 & made new low at 1.1448. if price makes a breakout of recent resistance, then it would be a breakout of the recent downtrend & price might continue to go up all the to retest next resistance at 1.1601 & also make a retest on the htf downtrendline.
But if price finds strong resitance at 1.1524 & breaks out of recent low...
gbpusd still bullish for 1.3730, need to break and hold above for bullish trend continuation. if 1.3610 breaks below then next key level for buying 1.3500.
