GBPUSD LONG AHEAD OF FOMC
Recently, the GBPUSD has been obviously bullish, marked by higher highs and higher lows in the daily time frame.
The last few days has given us a descent pullback to the confluence of June 5 trendline and the market structure (previous high).
GBPUSD found support at this confluence point bouncing off to print a bullish engulfing candlestick on daily time frame.
A pullback to the top of the falling channel (1.2850-1.2840) on 4hr time frame will offer bulls a long opportunity with a very good risk reward ratio.
The last few days has given us a descent pullback to the confluence of June 5 trendline and the market structure (previous high).
GBPUSD found support at this confluence point bouncing off to print a bullish engulfing candlestick on daily time frame.
A pullback to the top of the falling channel (1.2850-1.2840) on 4hr time frame will offer bulls a long opportunity with a very good risk reward ratio.
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