50 MA above 200 MA, signalling bullish momentum
We have had 2 pullbacks to what I call 'value areas' where it is a good area to enter long. Currently it is developing a third pullback into a 'value area' which I think would be a good area to go long from.
Target around 0.90140
Stop 0.89100
Good luck!
GBPUSD
It's broken a major upward trend line recently and you can see that it's getting squeezed into a triangle. Look for a break of the purple support before it heads down further?
