After the reversal from 1.18 support back in March, GbpUsd has started to rise and recently has made a new high just above 1.25.
Since the beginning of the month, the pair is consolidating above the support level, and a new leg up could be next.
I'm bullish on this pair as long as the price stays above 1.2350 and with a target around 1.27 buying trades could have a good risk-reward ratio of more than 1:2
Since the beginning of the month, the pair is consolidating above the support level, and a new leg up could be next.
I'm bullish on this pair as long as the price stays above 1.2350 and with a target around 1.27 buying trades could have a good risk-reward ratio of more than 1:2
📈 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.