According to our technical analysis from higher timeframes, we see that GBPUSD is still in a bullish trend at the start of this week. If you took a buy order on this pair last week to front-run this week, then you'll most likely have a great opportunity to take profit in the area we've specified for Bulls to exit here on our chart.
However, if you'd also like to enter in a short-term BUY order for this week, then you'll still have an opportunity to catch some pips on this pair for this week.
Remember, risk management is everything in forex. So make sure your SL is set for you to break-even in this trade.
However, if you'd also like to enter in a short-term BUY order for this week, then you'll still have an opportunity to catch some pips on this pair for this week.
Remember, risk management is everything in forex. So make sure your SL is set for you to break-even in this trade.