GBPUSD Entry Update - Price marches higher dragging in bulls

2019-12-05 07:20:13

The GBPUSD has kicked off nicely and is marching up to the offerzone (daily resistance levels) where we expect to see some reaction from sellers. The positive for the bulls is that price continued higher even as the USD came under pressure. As long as higher lows hold, we are happy to follow the move up until we get squeezed out as sellers jump into the action. Looking for price to extend to the 1.3300 zone so will manage risk as we go.

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