GBPUSD: A run up could occur in the short term

٢٨ نوفمبر ٢٠٢١

Reports of the emergence of a new variant of COVID-19 in South Africa questioning the effectiveness of vaccines appear to have caused a possible trend reversal in GBPUSD. Indeed, the pound had devalued sharply against the US dollar in recent weeks.
From a technical point of view the candlestick has stopped at a support line which could mean that a run up could occur at least in the short term. A minimum of a few tens of pips should be taken. It is for these reasons that I will take an upside position on the pair with a stop loss just below 1.3275.
Do not hesitate to follow the evolution of my positions on my MT4 live account.

Enjoy !