GU - 13July - Cup and Handle model
GBPUSD today is forming a Cup and Handle model, which is projected to break the Resistance area 1.39000 and will be come the Support area. Then GU is expected to bear at 1.40000.
Looking at the 1D chart. GU already formed a 2 bottoms model and it is restesting at 1.39000 with a Cup and Handle Model, hence the posibility of Bulling is really high.
Looking at DXY chart, it is also in the trend line to Bull to at least 91.883
We will also wait for today's news of USD with CPI and Core CPI, which can effect the movement of USD as well.
Buy at 1.39100.
TP1 at 1.40000.
GBPUSD
Looking at the 1D chart. GU already formed a 2 bottoms model and it is restesting at 1.39000 with a Cup and Handle Model, hence the posibility of Bulling is really high.
Looking at DXY chart, it is also in the trend line to Bull to at least 91.883
We will also wait for today's news of USD with CPI and Core CPI, which can effect the movement of USD as well.
Buy at 1.39100.
TP1 at 1.40000.
GBPUSD
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