GBP/USD Price Aanalysis: Bulls moving in on the bear's break of 1.2090 structure GBPUSD Technical Analysis
GBP/USD is setting the foundations for a bullish setup with the 1.2180s eyed in a 50% mean reversion target.Nevertheless, bears will be lurking considering the break of structure at 1.2090.
The breakout of these structures leaves the directional bias in favour of a meanwhile bullish correction on the daily chart for the day ahead, pending a bullish close on Tuesday: This leaves the foundations of a long trade for whichever session traders are in, looking for a bullish setup with the 1.2180s eyed in a 50% mean reversion target. On the way there, a 38.2%
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