On the 30M timeframe, GBPUSD broke out of the trendline and the resistance and after it retested it as a support.
We can expect the price to reach the next key zone of 1. 40 .
Also, if this is only a false breakout and the price comes back down under the 1.39500, we can look for a SHORT opportunity towards the 1.38850 area.
This idea is for EDUCATIONAL PURPOSES ONLY and should NOT be treated as FINANCIAL ADVICE !!
We can expect the price to reach the next key zone of 1. 40 .
Also, if this is only a false breakout and the price comes back down under the 1.39500, we can look for a SHORT opportunity towards the 1.38850 area.
This idea is for EDUCATIONAL PURPOSES ONLY and should NOT be treated as FINANCIAL ADVICE !!