YourLazyTrader

GBPUSD hourly chart analysis, uptrend continuation is likely

Largo
FX:GBPUSD   Libra esterlina/Dólar estadounidense
GBPUSD has managed to stay above the crucial 100H EMA, which implies that the uptrend is still intact.

The dip may be considered as a temporary pullback. The area I have highlighted in my chart could be a possible buying area for targets of 1.3150 and 1.3200.

The overall market structure is still bullish and I will be looking to buy between 1.3030-1.3060 level. Only a strong break of the 100H EMA will imply that the uptrend has been broken.



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