Analysis of #GBPUSD
The GBPUSD rallied strongly after Friday's NFP news, as did many other pairs, I don't know if this move will continue, but let's watch and see.
as you can see on my chart, we have broken trendline support, not become a trendline resistance.
Broken structure support now became structure resistance, near key market level 1.1400.
we also have short-term trendline resistance, all coinciding near 1.1400.
I will be looking for a reversal pattern near this zone to get ina a sell trade targeting the previous ows
Thanks for your continued support!
The GBPUSD rallied strongly after Friday's NFP news, as did many other pairs, I don't know if this move will continue, but let's watch and see.
as you can see on my chart, we have broken trendline support, not become a trendline resistance.
Broken structure support now became structure resistance, near key market level 1.1400.
we also have short-term trendline resistance, all coinciding near 1.1400.
I will be looking for a reversal pattern near this zone to get ina a sell trade targeting the previous ows
Thanks for your continued support!
