GBPUSD: How to Trade 1.2740 Next Week
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Today I’m going to show you exactly how I’m trading GBPUSD this week.
Check out the GBPUSD video below and scroll down for the annotated charts and analysis.
I’ve written about the GBPUSD breakout above 1.2740 a few times this week, including Tuesday’s video analysis.
Check out today’s post for all the details:
*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
#forex #DXY #GBPUSD
Thanks
I’m looking at this as confirmed breakout of the weekly double top May last year and May this year. Now it’s pulling back to retest the area 1.2630-1.2660 and should be a rough confluence with the rising DAILY 20 sma. So no fake out for me unless we get a weekly close below that 1.2630 area. Even then there is still a few more support areas that need clearing just below that. One of them the daily up trend support line that’s had multiple touches.