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Analysis of #GBPUSD
The sentiment is very strong for GBPUSD everyone is expecting a swift and fast economic recovery, technically the price could be aiming for its 200MA, which previously stopped it out to the pip.
we could be having here a potential resistance line, that could stop the pair fro continuing up however as a structure-based trader i want to see price reaching the previous structure at the 200MA, also a psychological number 1.2600 to think of selling this one.
⚠ Please note the ideas is valid only if it happened as I said above
Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌
Check today analysis below
Stay safe everyone
_____________________________________________________________________________
Before trading our ideas make your own analysis.
_____________________________________________________________________________
Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**
Analysis of #GBPUSD
The sentiment is very strong for GBPUSD everyone is expecting a swift and fast economic recovery, technically the price could be aiming for its 200MA, which previously stopped it out to the pip.
we could be having here a potential resistance line, that could stop the pair fro continuing up however as a structure-based trader i want to see price reaching the previous structure at the 200MA, also a psychological number 1.2600 to think of selling this one.
⚠ Please note the ideas is valid only if it happened as I said above
Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌
Check today analysis below
Stay safe everyone
_____________________________________________________________________________
Before trading our ideas make your own analysis.
_____________________________________________________________________________
Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**
