Hello traders, hope you had a good weekend. Well, if you remember, we sold
GBP/USD when it spiked up last week. So, sellers have definitely made over
100 pips profit on Friday.
At the moment, GBPUSD looks bearish, there are no immediate support levels to
arrest the fall. I would recommend you avoid buying GBP/USD at current
price levels.
I think GBP/USD will reach 1.26 next week. I plan to keep selling the
rallies in GBP/USD. If the price reaches the 1.2780 level again, I would sell it.
GBP/USD when it spiked up last week. So, sellers have definitely made over
100 pips profit on Friday.
At the moment, GBPUSD looks bearish, there are no immediate support levels to
arrest the fall. I would recommend you avoid buying GBP/USD at current
price levels.
I think GBP/USD will reach 1.26 next week. I plan to keep selling the
rallies in GBP/USD. If the price reaches the 1.2780 level again, I would sell it.
Note
As expected, it is falling still
Related publications
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.
Related publications
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.