So, as many of you are aware that yesterday didn't go to plan for Theresa May, and many did assume that the GBPUSD was going to sink to the ground - which it did but didn't.
I have done some analysis on the GBPUSD going long with a Target @ 1.32000.
Let me know your thoughts, happy trading! :) GL
As last week we had a major dive with this pair, at the top of the trend line we still have bearish flags showing on the one hour charts. Once we have broken the upwards trend line we may see a further drop until correction is made.
I will be updating this with the figures I have in mind.
Good luck all!
As EURUSD rises its seem to not break the high end supporting resistance @ 1.1275/1.1285 for the third time, I think this will have a major drop to the lower end @ around 1.1300/1.1350 if this break the bottom support @ 1.1410.
Once this has broken at hit the lower end, then we will be looking for a major "increase" maybe to the 1.1500/1.1600ish!
Good Luck traders!