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GBPUSD weekly bull flag, looking for long entries off support

by Neville Hornsey
10 September 2021
in Forex
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The higher time frame charts show the GBPUSD in a consolidation period for the entirety of 2021, but the bulls keep buying the lows. Their strength could take the pound higher and over this last week, they are gaining upside momentum. Opportunities to buy the GBPUSD at support could be a way to hold for a longer period of time as the weekly bull flag has to break at some point higher or be invalidated.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

2:05 GBP/USD

Tags: DXYFUNDAMENTALSGBPUSDGDPMacro-EconomicsTechnical AnalysisUS Dollar
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