GU Massive Uptrend incoming?
Here we have what could be a major byllish break from the right angled triangle
The key level 1.35, try to play a retest of this level with appropriate risk management
Only issue is the Brexit (free trade agreement not guaranteed) and Covid issues (blocks on present trade) in the UK right now
But technically speaking looks a good setup, especially as the EMA 50 and EMA 200 are soon to cross up on the weekly (can cause strong uptrends)
The key level 1.35, try to play a retest of this level with appropriate risk management
Only issue is the Brexit (free trade agreement not guaranteed) and Covid issues (blocks on present trade) in the UK right now
But technically speaking looks a good setup, especially as the EMA 50 and EMA 200 are soon to cross up on the weekly (can cause strong uptrends)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.