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YourLazyTrader

GBPUSD Hourly chart analysis

Long
Sterlina / Dollaro (FX:GBPUSD)  
YourLazyTrader Aggiornato   
FX:GBPUSD   Sterlina / Dollaro
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdshort gbpusdlong gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea gbpusd_forecast gbpusdsetup
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trendanalysis chartpattern beyondta gbpusd gbpusdshort gbpusdlong gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea gbpusd_forecast gbpusdsetup
In the hourly chart, GBPUSD is well above the 100Hour EMA which means the uptrend is intact. Right now, I don't want to buy GBPUSD at the current market price because GBPUSD rally looks overextended to me.
However, if price pulls back towards the 100 Hour EMA then, I will be looking for a buy entry.
The area I have highlighted in my chart could be a possible buy entry with 1.30 as the target.
Commento:
It reached 1.2994 which is very close to my 1.30 target. Almost 70 pips up from the time I posted this
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