TrueNorthTradingFX

Cable to hit pre brexit 2018 highs

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FX:GBPUSD   ポンド/米ドル
I am looking for GBP to continue it's bull run into the previous 2018 brexit highs. Last week we saw another bullish week which was curtailed by 2 daily closes on thursday and friday which capsided the huge push towards this target. We did however get positive GBP news on friday regarding economy re-boot due to successful vaccination roll outs and the number of covid cases falling, so I still expect GBP to continue its bullish run. Technically the monthly candle close was a nice close and looks to give us opportunities to jump on the bull train into 1.43500. I am currently waiting for price to break back above the 50ema and 61.8 fib region before then looking for an entry. Levels given are just a mock up of what I want to happen.

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