GBPUSD 31/05/2021 Correction for Going Higher

Here is my continuation analysis of GBPUSD. Last week from my previous analysis, GBPUSD was hitting my TP1 area projection. And from that area GBPUSD bounce back to 1.4200 areas today. This indicates to me, that GBPUSD is ready to going to the upside again. As we can see GBPUSD in a 4h timeframe already making a channel to the upside. For today, I am expecting that GBPUSD will do retracement to the 1.4115-1.4135 area before going to the upside again and targeting the 1.4300-1.4325 area.

Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis.

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