Long GBP/USD | Trade of the week

This week, we're going long GBP/USD, as the medium-term uptrend that has been in place since June appears to be resuming after a pullback. Last week's low held marginally below the 13th August low, with early June highs also acting as support in the same area. With the correction looking complete, we're buying at $1.3539 with a stop below last week's low at $1.3473 and an upside target at $1.3640. Last week's short EUR/USD is slightly underwater after the pair found support and bounced, but the stop at $1.1670 and target at $1.1500 remain in place. 👉 In this video: ✅ Why we're going long GBP/USD ✅ Key entry, stop and target levels ✅ Update on the EUR/USD short #Trading #GBPUSD #Forex #TechnicalAnalysis #Markets #TradeOfTheWeek Trade of the Week Playlist: ►https://www.youtube.com/playlist?list=PLiuPElZAFyTJFfLuMPPt1SvCt8gJEpNs7 📈 Catch more market commentary and insights on our channel. 🔔 Subscribe ► https://www.youtube.com/@iguk_official?sub_confirmation=1 Find out more: https://upl.inc/k4gg8x Your capital is at risk. 69% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.