GBP/USD: Bulls push to test the 1.2840 resistance
Instead of continuing to rise, the Pound Sterling (GBP) is more likely to trade in a range between 1.2740 and 1.2840. Downward momentum has slowed; any further GBP weakness is likely limited to a retest of the 1.2710 level, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.
SELL Scalping zone SELL GBPUSD now zone 1.28000-1.28200
↠ Stoploss 1.28400
→ Take Profit 1 1.27700
→ Take Profit 2 1.27000
Good luck everyone
Instead of continuing to rise, the Pound Sterling (GBP) is more likely to trade in a range between 1.2740 and 1.2840. Downward momentum has slowed; any further GBP weakness is likely limited to a retest of the 1.2710 level, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.
SELL Scalping zone SELL GBPUSD now zone 1.28000-1.28200
↠ Stoploss 1.28400
→ Take Profit 1 1.27700
→ Take Profit 2 1.27000
Good luck everyone
Note
GBP/USD struggles to gain traction, holds above 1.2750GBP/USD holds steady above 1.2750 after recovering from the daily low it set near 1.2700. Although the US Dollar stays under persistent selling pressure, the intense flight-to-safety doesn't allow the pair to stage a rebound.
Trade closed: target reached
SELL scalping win 100 pips, nice profit
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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.