The two levels for both long and short worked well for almost 150pips in total (tradingview.com/chart/GBPUSD/hCUTjBXJ-GBPUSD-12122023/). Overall, GBPUSD is weaker compared to EURUSD but GBPUSD still ended green with long wicks. I would say that price action is neutral to bullish but trend is still down.
Dip is still possible with 1.2530 to look for longs to target a move higher to 1.2616, 1.2666 (likely only tomorrow). Overall, EURUSD is probably a stronger candidate to look for longs though this might change with GDP data later.
Dip is still possible with 1.2530 to look for longs to target a move higher to 1.2616, 1.2666 (likely only tomorrow). Overall, EURUSD is probably a stronger candidate to look for longs though this might change with GDP data later.
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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.