Long GBP/USD @ 1.5275 Target 1.5336 stop Loss 1.5250
rAtionale
USD selling to continue ahead of the weekend. Sterling's rebound from 1.5025 and range bound action around 1.52 followed by a daily close above 1.5248 (key fib level) indicates the spot is likely to extend the rally to 1.5336
rAtionale
USD selling to continue ahead of the weekend. Sterling's rebound from 1.5025 and range bound action around 1.52 followed by a daily close above 1.5248 (key fib level) indicates the spot is likely to extend the rally to 1.5336
Trade closed manually
Taking Profit at 1.5295. The pair failed to sustain above 1.53 once more and that has increased the odds of a selling ahead of the weekend. ITs better to book profits.
We can always renter longs again !!
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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.