GBPUSD - BUY
The market has been in limbo for the past few days, going nowhere very fast. I am of the opinion that the market is awaiting NFP and outcome as it may inform the Feds stance on interest rates. Overall view is that the dollar is the more powerful influence on direction of the pair in the medium term. Technically the pair has been in a consolidation phase meaning price is oscillating between moving average however according to my expectation there's an incoming break-out to the upside.
Summary:
Entry = 1.27786
Entry 2 = 1.28014
Target = 1.29000
Risk : Reward Ratio = 2.20
Let's grow together. Follow and Boost my Ideas.
Summary:
Entry = 1.27786
Entry 2 = 1.28014
Target = 1.29000
Risk : Reward Ratio = 2.20
Let's grow together. Follow and Boost my Ideas.
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