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08.04.202110:33 Forex Analysis & Reviews: Daily Video Analysis: GBPUSD showing potential for short-term rise!

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Today we take a look at GBPUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price has just broken out of the ascending trendline support-turned-resistance. We could potentially see a bounce from our buy entry and a further rise up to our take profit level, which is in line with the ascending trendline support-turned-resistance.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021
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