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GbpUsd: Finally Pound Strength!

Weekly Timeframe:

Daily Timeframe:


GbpUsd: Current Price 1.29185. pound with some serious monthly/weekly strength followed by a break of a weekly trend line and break above 1.26000 key psychological. Would like to see short pullbacks to 1.26000 for a better entry. If we maintain above this zone we can potentially see 1.31750 strong monthly resistance!

Daily time frame is creating a double top with some rejection (pinbar candlestick) if we break this consolidation (yellow region) we can look for short term selling positions for a long term buy.

(Risk management is key, trade safe)!


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