Most Important Levels on GBPUSD Before The Weekend (Part II)

As I mentioned in my previous analysis, add these important levels to your chart on GBP/USD. So far, all the levels from my previous analysis indeed came true and showed to be incredibly important.

This update is a more zoomed in version of my previous analysis to focus on where we are at right now. I want to highlight GBP USD again because the trading week is almost over, and the price is right here at this incredibly important resistance of 1.1248. If the price can break through this level still before the weekend I am incredibly bullish, and find it important to still try and enter the trade before the markets close.

I believe it's likely that GBP/USD persists with this trend, perhaps after struggling a little bit around this important level. I am slightly bullish.

Be sure to add your <<guaranteed>> stop losses over the weekend to prevent against nasty weekend gaps. Not all brokers support this, but check if yours does. It's a mini insurance against these kind of evil surprises. Especially now with COVID-19 the markets are incredibly volatile and a lot can happen over the weekend.

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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!