GBP trading within a 100 pips confined range
GBPUSD
The past week has trading within a 100 pips confined range from 1.27000 to 1.28000. yesterday its reached 1.28000 and before that its got some minor rejection at 1.27000
The minor trend line from 1.30000 was acting as resistance for the bull. In 30 minutes timeframe 200 Exponential moving average is acting as resistance
Currently its trading at high volume area and we can expect downward growth as like the counterpart EURO. The strength of USD will makes this pair tend to fall towards south
If the 1.27000 level is broken then the downside target would be 1.26500.
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The past week has trading within a 100 pips confined range from 1.27000 to 1.28000. yesterday its reached 1.28000 and before that its got some minor rejection at 1.27000
The minor trend line from 1.30000 was acting as resistance for the bull. In 30 minutes timeframe 200 Exponential moving average is acting as resistance
Currently its trading at high volume area and we can expect downward growth as like the counterpart EURO. The strength of USD will makes this pair tend to fall towards south
If the 1.27000 level is broken then the downside target would be 1.26500.
Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
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