Price made an initial impulse move to the upside.
There is also a divergence formed.
As long as 1.2373 holds, we can expect a decent upside opportunity on GBPUSD.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
There is also a divergence formed.
As long as 1.2373 holds, we can expect a decent upside opportunity on GBPUSD.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
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