GBPUSD trading idea for the week of 20-Nov-2017

Technical Analysis

We have been observing a weekly up trendline that has offered support for GBPUSD for quite some time.

We can see that last week and the week before too, the trendline has been respected and it has proven to be an area of massive support.

GBPUSD – Trendline offers support

Trading preference

At this point I think it is a good opportunity to go long on this pair. The pair could be on its way towards 1.3650 level which has proven to offer strong resistance.

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