Hello traders, as I had predicted a week ago, GBP/USD fell after hitting the
1.28 resistance level. Currently, price is back at the 1.2530 zone.
Please note that, there is a likelihood of further rebound in GBP/USD. Price has
already rebounded more than 40 pips. We have already bought GBPUSD 1.2540 with
initial target at 1.2650
If price dips again, I recommend traders to buy GBPUSD@1.2520-1.2540 with Stop loss
under 1.25 and ititial TP at 1.2650
However, a fall below the 1.25 level would be bad for the bulls, so I advise everyone to
apply proper money management while buying
1.28 resistance level. Currently, price is back at the 1.2530 zone.
Please note that, there is a likelihood of further rebound in GBP/USD. Price has
already rebounded more than 40 pips. We have already bought GBPUSD 1.2540 with
initial target at 1.2650
If price dips again, I recommend traders to buy GBPUSD@1.2520-1.2540 with Stop loss
under 1.25 and ititial TP at 1.2650
However, a fall below the 1.25 level would be bad for the bulls, so I advise everyone to
apply proper money management while buying
Note
Expecting volatility during us session when the important data comes out, will be a good trading opportunity thenNote
GBPUSD 60 pips up from the support levelNote
Price has reached my initial TP at 1.2650
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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.