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Gbpusdlongsetup

GBPUSDAs i said in the last week GU reached my No. 1 target and was almost close to reaching the 2nd! in the next period I will wait for a strong retest movement and then ... I will continue SELL until my target no.2 from where ... I will reanalyze the whole situation THIS WEEK...exactly as I said ... GU also reached my number 2 target and made 800 of the 800-1000 pips predicted a few months ago this week I expect a retreat move to target 1 and from there ... DOWN AGAINS to 1.30 However ... a closure even for 1 day over the number 1 target means a new range in this area NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
4
GBP/USD Technical Analysis.Currently, GBP/USD is trading at 1.3821. The price is moving in sideways trend from last 1 week and can consolidate in the same range before breaking resistance and support level. The pair may start a new down trend if it breaks the support level at 1.3740. As the pair was moving in up trend from some time and there is a lot of fule left in the pair to touch its strong resistance level at 1.3955. If the pair starts a new up trend by breaking its resistance level at 1.3836, then its first target price will be at 1.3892 and second target will be at 1.3955. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5