GBPUSD – Clears ‘Big Figure’ After With Trend Pin Bar | May 11

GBPUSD – Clears 1.55 ‘Big Figure’, Likely More Gains (4hr chart)
Continuing its bull run post UK election, the Cable broke the 55 handle following the 4hr with trend pin bar we mentioned last week.

For now my bias is bullish ST & MT. I’m expecting a pullback into the key support zone (blue box) between 1.5515 and 1.54, so will be looking to buy. Upside targets will be 1.56 and 1.57.

Only a daily close below 1.54 would negate my bullish bias.


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