Trade of the Day GBPUSD

GBPUSD is testing the strong upside support

 

GBPUSD is testing the strong confluence of the upside support 1.3850. Continuation lower could lead to a deeper pullback to 1.3500. We need to see a confirmed break below 1.3850 for a downside reversal. This will not substantially change the uptrend, but it could if we get a break below 1.3500.

Note – Look for the short trades with the stop loss above 1.3900 in case of a confirmed break below 1.3850

GBPUSD price action trading analysis

 

 

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