GBP was very weak as it sold down a lot to below Tuesday's low. Price action is bearish with price below the BZ. GBPUSD is weak and thus would not be my candidate for longs today (EURUSD should be a better long).
Overall, it would be a short for price below BZ, but IMO 1.2678 and 1.2710 would be better price to look for shorts for the move lower.
Overall, it would be a short for price below BZ, but IMO 1.2678 and 1.2710 would be better price to look for shorts for the move lower.
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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.