GBPUSD;RESPECT THE CURVE| BULLISH!
HELLO TRADERS
Before we talk about GBPUSD lets first take a look at the dollar index DXY
DXY managed to push higher from the resistance and currently moving lower
and as we know bearish dollar is bullish GBPUSD
(DXY chart below)
Now back to GBPUSD, we have formed a curve in which we have respected a lot before,
currently retesting it and GBPUSD is showing signs of rejection to continue higher @ 1.251
targeting the previous highs @ 1.26
BREAK BELOW 1.248 WILL INVALIDATE THIS IDEA
GOOD LUCK
Before we talk about GBPUSD lets first take a look at the dollar index DXY
DXY managed to push higher from the resistance and currently moving lower
and as we know bearish dollar is bullish GBPUSD
(DXY chart below)
Now back to GBPUSD, we have formed a curve in which we have respected a lot before,
currently retesting it and GBPUSD is showing signs of rejection to continue higher @ 1.251
targeting the previous highs @ 1.26
BREAK BELOW 1.248 WILL INVALIDATE THIS IDEA
GOOD LUCK
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