Why I’m Buying GBP/USD At Support This Week

GBP/USD – Sterling/dollar rotates lower within uptrend

The GBP/USD pulled back last week following a strong uptrend run that began in early September. We are still looking to buy this market as it pulls back, watching the 21-day exponential moving average (blue line) as well as support near 1.3260. We would look to buy on a price action signal near either of those levels this week as price continues to retrace within the overall uptrend.

GBP/USD Daily Chart

Source: Learn To Trade The Market

This entry was posted in Investing and tagged . Bookmark the permalink.
0 0 votes
Notify of
0 评论
Inline Feedbacks
View all comments