In my previous GbpUsd analysis, I've written that a break above 1.24 could lead to further gains to 1.2550 and even to 1.3 if 1.2550 will also fall.
However, Friday's NFP capped gains exactly to 1.2550, and a strong reversal followed almost negating the previous day's candle.
1.24 remains support for GbpUsd, but the pressure switched to the sell side.
A break under this level could lead to further losses and puts the important 1.2 psychological level in focus.
However, Friday's NFP capped gains exactly to 1.2550, and a strong reversal followed almost negating the previous day's candle.
1.24 remains support for GbpUsd, but the pressure switched to the sell side.
A break under this level could lead to further losses and puts the important 1.2 psychological level in focus.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.