GBPUSD long opportunity

Oct 25, 2020

AS I said in the last GBPUSD analysis if GBPUSD breaks the range we will have a good long opportunity on this pair. The previous week I wasn't sure GBPUSD will break the range because there were -9.8k positions on cot data. But USDOLLAR weakness driven GBPUSD to the upside. This week GBPUSD has only -2k positions. So, looking good for our bullish outlook. Now, the market is in daily resistance so look for a long from here. Wait for confirmation on 4H because this break also could be a fake breakout you never know.