GBPUSD Price Target Reached. What next?
Price retraced to the expected lever as shown in the below reference published chart.
It will be interesting to see now, whether the price follows Scenario 1 (bullish) or Scenario 2 (bearish). Below mentioned news events will determine the path:
1. BOE rate decision (20th June)
2. US Initial jobless claims/manufacturing data (20th June)
3. UK Retail Sales (21st June)
4. UK PMI's (21st June)
5. US PMI (21st June)
I'm still on my long from 1.26647 and have moved my stop loss into positive.
It will be interesting to see now, whether the price follows Scenario 1 (bullish) or Scenario 2 (bearish). Below mentioned news events will determine the path:
1. BOE rate decision (20th June)
2. US Initial jobless claims/manufacturing data (20th June)
3. UK Retail Sales (21st June)
4. UK PMI's (21st June)
5. US PMI (21st June)
I'm still on my long from 1.26647 and have moved my stop loss into positive.
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