GBPUSD - POSSIBLE BUY - COT REPORT - SEASONAL
GBPUSD is currently under our current resistance level. I am looking for a push to the upside. We must wait for a break of the current trendline and resistance zone before entering this trade! COT Report is showing signs of strength in the up and coming week for the GBP as they begin to close their short orders and adding on longs. USD is overall long. However, they are starting to close their long orders.
Seasonals show strength for the GBP in October while it is common for the USD to fall over the last 20+ years.
Seasonals show strength for the GBP in October while it is common for the USD to fall over the last 20+ years.
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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.