GBPUSD high & low timeframes are providing a potential long position for the coming week.
What we have here is a market that is trapped between two large psychological levels - 1.4100 & 1.3800.
From a bounce at 1.3800 the market has been shifting direction from downside to upside with its momentum and a lot of liquidity sitting above 1.4000 could draw prices higher this week. I am looking for the market to move over 1.4000 and potentially push an additional 100 pips into 1.41000.
Right now I am focusing on the demand zone & key level 1.38750 for my entry zone to bring this market higher.
Trade safe & manage risk as always.
What we have here is a market that is trapped between two large psychological levels - 1.4100 & 1.3800.
From a bounce at 1.3800 the market has been shifting direction from downside to upside with its momentum and a lot of liquidity sitting above 1.4000 could draw prices higher this week. I am looking for the market to move over 1.4000 and potentially push an additional 100 pips into 1.41000.
Right now I am focusing on the demand zone & key level 1.38750 for my entry zone to bring this market higher.
Trade safe & manage risk as always.