GBPUSD - BUY ?

٩ يناير ٢٠٢١

Before market close on Friday we saw that price broke out of a range but failed to stay above the resistance level. Price then came back down to the support level were we saw some wick rejections. The GBP seems to be bullish this year with getting a deal with Brexit where as the USD seems to be bearish and with everything going on in America at the moment I feel that price will break out of the range and retest the support level. If the support level is respected I will be looking at getting long at the 1.36669 area and holding it until the last support line for a RR of 2. If price fails to stay in the range and begins to head down and breaks out and retests the support level and is respected then I will be looking at getting short at 1.35089 for a RR of 4 and holding it until the previous DT

Let me know what you guys think and please do your own analysis before placing a trade.

Good Luck