GBP remains within downward trend against USD.
I think the upward impulse will continue and the pair will easily reach the strong resistance zone between 1.2600 up to 1.2655 and then starts to fall downward to 1.2400 down to 1.2270.
So im gonna start a trade as per below setup:
Entry point: between 1.2600 up to 1.2660 depending on price action or step by step entering.
Stop Loss : 1.2670
Take Profit : 1.2400 down to 1.2270
So im gonna start a trade as per below setup:
Entry point: between 1.2600 up to 1.2660 depending on price action or step by step entering.
Stop Loss : 1.2670
Take Profit : 1.2400 down to 1.2270
Yorum:
Currection is possible, i suggest booking some profit and risk free trading.