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Title
GBPUSD, H4 | Potential retest on the overlap support
Type
Bullish Rise
Preference:
Looking at the H4 chart, my overall bias for GBPUSD is bullish. Looking for a buy entry at 1.19189 where the overlap support and 78.6% Fibonacci line is. Take profit will be at 1.20752, where the recent swing high is.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.