GBP/USD Potential Long

2020-01-13 20:27:39

On the daily chart , the price is respecting the trendline , and a long-legged doji is forming on the 4hr. We will be monitoring the price action in this area to confirm the long position. Alternatively, the price could drop sharply below the trendline , in which case we can look at a short position on the retest. Bear in mind the CPI release for the U.S tomorrow at 13:30 GMT and for the UK on Thursday at 9:30 GMT .