Greetings dear Traders,this is my analysis for GBPUSD and it is long.
On the chart we can see how the price reacted during the last period.
As we can see it is preparing for a swing uptrend movement.
We can open the position when it is stable near key level 1.35220 .
On the month of December the price made to break through the Support Line and changed the movement of the price.
From September we can see that the price has a support many times when it had a downtrend movement. And already at the end of December, the price broke through the 1.344 support line during the growth and returned to the trend.
The price will tkae the adventage and rise to the key level 1.3800.
Traders Make your own analysis before trading.
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Thank you!
On the chart we can see how the price reacted during the last period.
As we can see it is preparing for a swing uptrend movement.
We can open the position when it is stable near key level 1.35220 .
On the month of December the price made to break through the Support Line and changed the movement of the price.
From September we can see that the price has a support many times when it had a downtrend movement. And already at the end of December, the price broke through the 1.344 support line during the growth and returned to the trend.
The price will tkae the adventage and rise to the key level 1.3800.
Traders Make your own analysis before trading.
Please leave a Like,Comment and Follow!
Thank you!