Going up a bit more

2021년 8월 16일

GBPUSD buyers are fighting hard to keep pound afloat above 1.383 which is a first line support of bullish reversal confirmation from my point of view. Failing the battle would mean another fierce one at 1.380 - even if it stays there for a few days more I would think bull's fight is near over - so Pound if any chance of going up higher, it should be happening in this week.

I am currently bullish on GBP and wish it going higher from this point.

SL: below the green trendline (weak), you may want to keep your SL below 1.379 (purple) if you can afford such SL.

TP: Fib based, but mainly I'll be trailing from 1.386 where buyer/seller fought the most recently, and anything from there I will be trailing till up to 1.395

GL.