GBP/USD's strong rally last week and firm break of 1.3444 resistance is taken as a sign of larger trend reversal. Initial bias remains on the upside this week for medium term 1.3835 support turned resistance next. On the downside, below 1.3522 minor support will turn intraday bias neutral and bring consolidations, before staging another rally.
the pair broke 1.3450 zone with very strong momentum. witch is telling me this is a larger trend reversal ahead.
1.3560 is good place to enter long for the next resistance at 1.3835
stop loss at 1.3497 below that is 1.3405 witch will be a buying opportunity .
GOOD LUCK
the pair broke 1.3450 zone with very strong momentum. witch is telling me this is a larger trend reversal ahead.
1.3560 is good place to enter long for the next resistance at 1.3835
stop loss at 1.3497 below that is 1.3405 witch will be a buying opportunity .
GOOD LUCK