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GBP/USD V-Shape Reversal in Play

By:

Nenad Kerkez

Published: Jul 28, 2021, 10:18 GMT+00:00

The GBP/USD is in the process of a V-Shaped reversal trade. I am looking to continue holding the trade as already covered in previous articles.

The 1-2-3 pattern is making a rejection at the lows. We should see a move to the upside as price is slowly crawling to the resistance zone. If the market closes above 1.3900, the next level is 1.3950. A move above 1.3950 will pave a way towards 1.4080. The GBP/USD is bullish despite the USD strength and I will be buying the dips again.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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