Last week I draw attention to GbpUsd, which is approaching "pandemic" low at 1.14, and the possibility of a reversal from this point.
After a few days of consolidation at this point, yesterday is marked by a bullish pin bar that can be the signal for a reversal.
Buy dips against yesterday's low can be a good strategy and swing traders who target the resistance under 1.18 can also have a 1:3 R: R for a buy trade.
My previous GbpUsd analysis:
After a few days of consolidation at this point, yesterday is marked by a bullish pin bar that can be the signal for a reversal.
Buy dips against yesterday's low can be a good strategy and swing traders who target the resistance under 1.18 can also have a 1:3 R: R for a buy trade.
My previous GbpUsd analysis:
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