GBPUSD Potential for a rally
The GBPUSD came below our Weekly Analysis Sell point on Tuesday. Price gave us an opportunity to sell into the decline yesterday evening.
Today, the price traded the 76.4% retracement of the daily last action, this area represents the last chance participation zone for the buyers .
We have seen a long reversal signal on the 5mins which could lead to a stronger rally if the price manages to break beyond the 1.3699 area . The 1.3665 Momentum Low is the key to any advancement in the GBPUSD.
Short Term Stop loss is 1.3645
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Today, the price traded the 76.4% retracement of the daily last action, this area represents the last chance participation zone for the buyers .
We have seen a long reversal signal on the 5mins which could lead to a stronger rally if the price manages to break beyond the 1.3699 area . The 1.3665 Momentum Low is the key to any advancement in the GBPUSD.
Short Term Stop loss is 1.3645
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