Yesterday I was more bullish GBPUSD. I said once 1.2752 is reclaimed expect further upside. Would not lie that we did see a fake close above before closing below. But if you see the levels, 1.2735 is the next strong level I gave. It went below that and we see two rejections off the level before it closed for the day.
If based on yesterday's candle itself, it is bearish but trend is up so likely I would have played both directions (though this morning it opened at the PZ and started coming down, which is a potential short, on hindsight of course).
But what I want to say here, which is different from that of EURUSD, but yet similar, because on EURUSD price is now at a level also. GBPUSD is now at a strong level, this confluence of levels (GBPUSD and EURUSD) is a strong buy IMO.
So here for GBPUSD I said it is a long. And if price can go back to 1.2737, look for further upside above. Unlike for EURUSD I am more cautious on downside.
If based on yesterday's candle itself, it is bearish but trend is up so likely I would have played both directions (though this morning it opened at the PZ and started coming down, which is a potential short, on hindsight of course).
But what I want to say here, which is different from that of EURUSD, but yet similar, because on EURUSD price is now at a level also. GBPUSD is now at a strong level, this confluence of levels (GBPUSD and EURUSD) is a strong buy IMO.
So here for GBPUSD I said it is a long. And if price can go back to 1.2737, look for further upside above. Unlike for EURUSD I am more cautious on downside.
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.