RMTradingfx

GBPUSD Potential Buy Idea

Giá lên
FX:GBPUSD   Bảng Anh/ Đô la Mỹ
GBPUSD has been in an area of consolidation for the past week testing a line of resistance with one brief breakthrough however it failed to get support upon resting. I think that this week we will see a bullish breakout through this line of resistance at 1.2521. If we see a retest showing support at this zone then I think a strong push up past last week’s high is likely. Unless the support line on 1.2405 is broken then I think we will continue to see a bullish trend, the two recent daily candles took support from this key level leading me to believe a bullish breakout will occur.
I will be monitoring the price action closely around this key level to see if there are confirmations of my idea before entering.
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