GBPUSD GOOD ZONE FOR LONG POSITION

26 lug 2020

This pair has been on a clear bullish run since the beginning of July. Firstly we broke out of a good area of resistance and a trendline where we retested and created support which was already an indication for a buy. We then broke out of our strong weekly support area and did a slight retest with a nice morning star pattern which wouldve been a perfect entry for the buy, although i still see this pair coming back to test the 1.27300 area again and then we can expect to go long until the 1.33000 region and catch about 550 pips.