Path given for GBPUSD yesterday worked perfectly as it hit the strong support and went up 70 pips to perfection.
Bullish GBPUSD and trend is up but as mentioned, it is CPI day today. Overall, GBPUSD looks poised for a move higher. Would like to have a dip to go long for the move higher. Not sure when the dip will come; a dip during European session would be great, or it can come on CPI reaction; that is price range from now till CPI then it dipped before rallying strongly.
1.2718 and 1.2700 (can possibly trade too and it is a strong double support; low risk level to go long from) are two levels to look for this possible dip target and rally, targeting 1.2790 and if stretched, 1.2820, where we should get a pullback.
Bullish GBPUSD and trend is up but as mentioned, it is CPI day today. Overall, GBPUSD looks poised for a move higher. Would like to have a dip to go long for the move higher. Not sure when the dip will come; a dip during European session would be great, or it can come on CPI reaction; that is price range from now till CPI then it dipped before rallying strongly.
1.2718 and 1.2700 (can possibly trade too and it is a strong double support; low risk level to go long from) are two levels to look for this possible dip target and rally, targeting 1.2790 and if stretched, 1.2820, where we should get a pullback.
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.
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.