gbpusd is highly likely to form a bullish structure for tagging the level 1.38500.
GBPUSD might want go look for the LOD were as it shall for the LOW and LOM probably
The GBPUSD market is likely to retest zone around 1.37900 for the high of the day
cable re-ordering back to reset price, and possibly retrace back to 1.36500 area before long to 1.40000 fair value price
I have a long sewtup for GBPUSD, GU to retest the key level 1.42000, and possible raid on the equal highs, the sell limit(higher high) and possibly form another higher high at 1.430000 key level
The GU has clearly shown a bearish expansion, falling down to equilibrum of the range from start of year (Jan 2021), watch the video for more details on the setup
I am looking forward, for a , monthly lows targetting by GBPUSD as shown on the chart
GU is bullish, as we see we can see the local uptrend in the GU chart. GU is considered in major correction, waiting for the correction and taking entry long to TP area as described in video
GU bullish biased have broken resistance 1.400, next target should be 1.4500, while expecting a stop at 1.4300
after breaking the resistance 1.39000 it rallied until the 1.41 zone, where it created a high at 1.41500/600 buffer, and droped. expectations are for further drop as a pull back or rather retruning to the daily order block of the previous bullish rally ,, expecting for longs from there
The cable probably might tag 1.42000, before pull back
The Cable is likely to pull back to weekly reset price 1.40200
Apossiblr counter trade SELL around the lvl 1.41600/700