GBP/USD: Imminent Price Breakout?

This week started profitable with our sell position in the EUR/USD at 1.1035. The pair fell towards 1.0960 and if also 1.0940 breaks, we expect further losses towards 1.0880.

We will now keep an eye on the GBP/USD which looks primed for an upcoming price breakout of its narrow trading range. This morning we will pay particular attention to prices either above 1.3125 or below 1.3090. A higher target is at 1.32, whereas on the downside, the 1.30-zone could be tested again.


Disclaimer: All trading ideas and expressions of opinion made in the articles are the personal opinion and assumption of MaiMarFX traders. They are not meant to be a solicitation or recommendation to buy or sell a specific financial instrument.

Daily Forex, DAX And Crypto Signals for 5/4/22:

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Long @ 1.1015

Short @ 1.0930


Long @ 1.3165

Short @ 1.3080

DAX® (GER30)

Long @ 14520

Short @ 14470


Long @ 3530

Short @ 3480