GBPUSD – Sterling/dollar pulls back to support within uptrend.
gbpusd trade idea - gbpusd analysis
The GBPUSD is in an upward swing after finding support a month ago down near 137.50 area. We have a bullish bias on this market as we have discussed gbpusd in recent commentaries and we will retain that view whilst price is above 1.3750 support. There is short-term support just below near 1.3990 and there is a zone of value / support at 1.3990 – 1.3750 that we can look for price action buy signals within to get long and target recent highs near 143.40 resistance.
gbpusd trade idea - gbpusd analysis
The GBPUSD is in an upward swing after finding support a month ago down near 137.50 area. We have a bullish bias on this market as we have discussed gbpusd in recent commentaries and we will retain that view whilst price is above 1.3750 support. There is short-term support just below near 1.3990 and there is a zone of value / support at 1.3990 – 1.3750 that we can look for price action buy signals within to get long and target recent highs near 143.40 resistance.