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GBPUSD Trade Setup (Jan 21)

Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today

GBPUSD has been weak for a long time.  But shows no sign of reversal yet.

It is riding (below) 21EMA.  So we should continue to sell it, until it shows the reversal price action.


I would like to suggest the next sell zones as below.

a) H4 21EMA, or
b) Role Reversal Resistance @ 1.4230 ish (See above Hourly chart)

The conservative target will be Double bottom on Hourly chart (DR1 -> DS1)

The aggressive target will be … stay in the trend as long as the price is below H4 21EMA, and trail your stop.


YJ Baik – Forex.Today @ Tokyo


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