GBP/USD bullish opportunities

Similarly to EUR/USD, the price broke a long bearish period to the upside.

A retest around 1.215 is expected, which corresponds to the 0.786 fibonacci level and a high volume area. If the price retraces, one should be careful to look for a long in this area.

Bình luận:

The price continues to move as expected, approaching the area of our interest.
Tomorrow the US CPI data comes out, a different data than expected could change our outlook and in case keep us ready for a change in our forecasts.
However, the indicated zone remains interesting for both a long bounce and a short change.

Đã hủy lệnh:

In the end, the dollar reacted very strongly to the American inflation data. As a result, the price didn't reach the target I had set for a retracement. I'm aware I had been quite conservative, but nonetheless, we didn't incur any losses. Now, we'll need to find a new retracement zone relative to the recent rise; we're waiting on the sidelines