Trade Alert
GBPUSD is trying right now to regain some lost grounds. A break above the 1.3390 could signal further upmoves and the pair could make its way towards the 1.3455 level. A break of that level could interest the bulls in driving GBPUSD towards the 200 EMA or slightly above that, the 1.3615 area.
If this push higher was only a small correction, we would need to see a good move back to the 1.3205 and eventually a break of it, in order to consider further declines.
Don't forget your stops!
GBPUSD is trying right now to regain some lost grounds. A break above the 1.3390 could signal further upmoves and the pair could make its way towards the 1.3455 level. A break of that level could interest the bulls in driving GBPUSD towards the 200 EMA or slightly above that, the 1.3615 area.
If this push higher was only a small correction, we would need to see a good move back to the 1.3205 and eventually a break of it, in order to consider further declines.
Don't forget your stops!