GBP/USD – Week 33 – Targeting the resistance.
Last week, as we pointed out in our previous analysis the pair continued the bearish correction and it looks like we reached the end of it.
In the coming week, we expect the bullish move that started from the support area to make a correction and break the orange trendline. Our first target will be the resistance level highlighted on the chart.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
In the coming week, we expect the bullish move that started from the support area to make a correction and break the orange trendline. Our first target will be the resistance level highlighted on the chart.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
