GBP/USD – Week 29 – Targeting the resistance.
Last week, we expected the British Pound to start a bullish move that has the potential to reach the resistance area. Instead, the price ranged the whole trading week.
In this context, we incline towards a bullish move that started and we see this sideways move as a correction that will trigger a future bullish move in the price.
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 this context, we incline towards a bullish move that started and we see this sideways move as a correction that will trigger a future bullish move in the price.
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.
