GBPUSD daily DOUBLE BOTTOM, next target is 1.42500 (+300 PIPS)
At the time of posting this chart, price is actually stagnating just above neckline after drawing the classical breakout/retest trajectory.
now that it broke this area, the sellers who shorted last week may be closing at a loss pushing price in higher area. and bulls may see this support area as a good point entry
Also the moving average crossed bullish recently, confirmating the fact that bulls took control over the market
Considering all of these elements, it would be interesting to find a setup providing us a tight SL and enjoy the hypothetical future rally.
Tp's are on chart
now that it broke this area, the sellers who shorted last week may be closing at a loss pushing price in higher area. and bulls may see this support area as a good point entry
Also the moving average crossed bullish recently, confirmating the fact that bulls took control over the market
Considering all of these elements, it would be interesting to find a setup providing us a tight SL and enjoy the hypothetical future rally.
Tp's are on chart