GBPUSD hourly chart analysis, uptrend continuation is likely
GBPUSD has managed to stay above the crucial 100H EMA, which implies that the uptrend is still intact.
The dip may be considered as a temporary pullback. The area I have highlighted in my chart could be a possible buying area for targets of 1.3150 and 1.3200.
The overall market structure is still bullish and I will be looking to buy between 1.3030-1.3060 level. Only a strong break of the 100H EMA will imply that the uptrend has been broken.
The dip may be considered as a temporary pullback. The area I have highlighted in my chart could be a possible buying area for targets of 1.3150 and 1.3200.
The overall market structure is still bullish and I will be looking to buy between 1.3030-1.3060 level. Only a strong break of the 100H EMA will imply that the uptrend has been broken.
