Trade of the Day GBPUSD

GBPUSD is pulling back to uptrend support

 

GBPUSD is pulling back to an uptrend support confluence 1.3800-1.3850 zone. A break above 1.4070 again will open the continuation to the upside. A break below the 1.3860 will lead to a deeper pullback to 1.3600. As long as the GBPUSD is above 1.3740 the uptrend reversal is valid and you should target 1.46.

Note – Look for price action near the confluence support 1.3800-1.3850 zone for the trade entries long/short

 

GBPUSD price action trading strategy

 

 

 

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