Here is an update on GBP/USD
RECAP:
In our previous analysis GBP/USD was trading at 1.39600
We were bullish on the pair but cautioned some downward due to bullish DXY
The pair triggered our Sell stop @ 1.39200 before a quick reversal forcing us to swing & also open more sell orders
The pair then hit highs of 1.40100 which triggered our Buy Stop @ 1.39800 & hit our TP @ 1.40
with our Sell Stop active the pair then fell due to Fed Chair Powell Speech
& hit our Sell Stop TP @ 1.39
We have now closed all of our orders banking us over 9000 pips over 20 positions on the pair
WHAT TO EXPECT:
Currently @ 1.38200
We expect the pair to test next resistance at 1.37800 before a reversal back to 1.39
Long term GBP/USD is still bullish
NFP report will help guide the direction of the pair for today
Keep an eye on DXY & US10Y
OUR POSITIONS:
Currently @ 1.38200
Sell Stop @: 1.38
Sell Stop TP @: 1.37800
Buy Stop @: 1.38700
Buy Stop TP @: 1.39
Link to our previous analysis below
Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
RECAP:
In our previous analysis GBP/USD was trading at 1.39600
We were bullish on the pair but cautioned some downward due to bullish DXY
The pair triggered our Sell stop @ 1.39200 before a quick reversal forcing us to swing & also open more sell orders
The pair then hit highs of 1.40100 which triggered our Buy Stop @ 1.39800 & hit our TP @ 1.40
with our Sell Stop active the pair then fell due to Fed Chair Powell Speech
& hit our Sell Stop TP @ 1.39
We have now closed all of our orders banking us over 9000 pips over 20 positions on the pair
WHAT TO EXPECT:
Currently @ 1.38200
We expect the pair to test next resistance at 1.37800 before a reversal back to 1.39
Long term GBP/USD is still bullish
NFP report will help guide the direction of the pair for today
Keep an eye on DXY & US10Y
OUR POSITIONS:
Currently @ 1.38200
Sell Stop @: 1.38
Sell Stop TP @: 1.37800
Buy Stop @: 1.38700
Buy Stop TP @: 1.39
Link to our previous analysis below
Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
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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.
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.