I gave a long for GBPUSD from 1.2700 and it hit perfectly and we had a 80 pips rally.
Unlike for EURUSD which was weaker and price action looks quite unclear, GBPUSD IMO is of clear strength.
And as mentioned, despite USD strengthening on CPI release, the whole move was retraced. Price action for GBPUSD is bullish and PZ and BZ are acting as double support below.
Looking for further upside, a dip to 1.2734 would be a gift to go long for a move to 1.2838 and 1.2858.
Unlike for EURUSD which was weaker and price action looks quite unclear, GBPUSD IMO is of clear strength.
And as mentioned, despite USD strengthening on CPI release, the whole move was retraced. Price action for GBPUSD is bullish and PZ and BZ are acting as double support below.
Looking for further upside, a dip to 1.2734 would be a gift to go long for a move to 1.2838 and 1.2858.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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.