GBPUSD Trade Idea

7 Oca 2021

In yesterday's forecast, I discussed about GU could potentially goes all the way back to 1.3550 zone for a second rejection before further bullish continuation, which was exactly what the market performed. Currently, we have a valid double bottom setup which gives up confidence to hold our long positions with further targets. However, do pay attention to 1.3667 & 1.37 resistance zones, we need to see price clearly violates both resistance structure to remain bullish bias as its still under sellers' territory with lower highs at the moment. If price had another rejection at 1.3667 zone, we could expect some rotation back towards 1.3550 support.

Trade safe

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7 Oca 2021

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