GBPUSD is giving us some different options. I have a short bias on this pair on the long term considering the daily trend. It have been giving us a strong pullback since the beginning of October. The ideal level I was looking for trend continuation is around 1.29, but with DXY spiking, the trade might get triggered sooner then expected. Keep an eye out. Good luck
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Be careful guys, DXY is so strong it's almost strange.
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Although we did get a breakout, I will look at potential reversal signs. Careful on this trade guys
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Alright people, as I've said last week, a reversal was highly possible on GU for this week as I was expecting pullbacks from all USD pairs. Let's keep an eye out for today's candle formation. 1.29 might be on the way.
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Pair has been consolidating for a bit, but we finally got a push up, hopefully we will get the zone we are aiming for soon. With NFP today I will be staying out USD pairs and wait for next week.