Hi Traders, the direction of GBPUSD in the short-term is looking quite mixed, but why do I think we will probably see some buying pressure soon?
If you go back to last Friday's Price Action (29th July), the way price created a V-shape reversal at 1.2080, it simply tells you that there are tons of buyers accumulating their orders there.
There are two areas where I'd like to join the short-term buy IF they're being rejected
1. 1.2150
2. 1.2080
If at any point price breaks through both these support levels then this setup is invalid.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
If you go back to last Friday's Price Action (29th July), the way price created a V-shape reversal at 1.2080, it simply tells you that there are tons of buyers accumulating their orders there.
There are two areas where I'd like to join the short-term buy IF they're being rejected
1. 1.2150
2. 1.2080
If at any point price breaks through both these support levels then this setup is invalid.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
