Hello traders! Hope you are having a good week. GBP/USD fell
more than 120 pips since Friday. I have managed to make decent profits
with my sell trades.
However, on the hourly chart, I am seeing some amount of support.
In the chart, you can see that price is bouncing a bit every
time it hits the 100-hour moving average.
So, if the 1.2660 region doesn't break, GBP/USD might reach the 1.28 level
again. However, I am not buying or selling at the moment, will wait for price
action to show me the direction.
more than 120 pips since Friday. I have managed to make decent profits
with my sell trades.
However, on the hourly chart, I am seeing some amount of support.
In the chart, you can see that price is bouncing a bit every
time it hits the 100-hour moving average.
So, if the 1.2660 region doesn't break, GBP/USD might reach the 1.28 level
again. However, I am not buying or selling at the moment, will wait for price
action to show me the direction.
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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.
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.