GBPUSD Bullish Potential
When US Bond Yields Are Not Attractive
If detailed through the price movement on the H4 time frame, this GBPUSD potential, because it has been able to penetrate the SMA100 resistance level, it will have the opportunity to continue its advance towards the SMA200 level at the price range 1.38392. So that if it manages to breakout from this resistance level there is a chance that the price will continue to increase towards the supply area at the price range 1.39219 to 1.39576. However, it also needs to be watched out because the movement of the stochastic curve has reached the overbought area. So that it has the potential to cause a decline in prices when this curve crosses back downward. Especially if the price movement gets resistance from around the SMA200 resistance.
It is interesting from the above description for today's trading plan that it is better to consider continuing to take buy options on this currency pair. Especially after the position is corrected around the SMA100 level on the H4 time frame by targeting around the resistance of the trend channel on the daily time frame as mentioned above. By placing the stop loss below the SMA100 level on the daily time frame.
investigation : For the examination of GBPUSD from a basic perspective. English Prime Minister Boris Johnson expressed that 40 million portions of antibody have been given across the UK for residents matured 45 to 49 years. GBPUSD climbed to 1.3765 after the UK economy developed by 0.4% in February from January. Today there is news about Fed Chair Powell Speaks.
examination : For specialized investigation on the every day TF we can see that there are 3 day by day candles with a tail underneath which can be deciphered as huge pressing factor from purchasers and Tuesday's flame which had the option to close above. This demonstrates that the pressing factor from the merchant can be said to have begun to vanish, and this Wednesday the every day flame that happens ought to be a bullish light with a little tail beneath. in all likelihood the cost will attempt to go to the BB middle band territory and attempt to pass to the BB upper band around 1.3870 or 120 pips from the current cost.