GBP important level to watch
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GBP/USD Daily time frame
The pound has been going down for some time, currently its pulling back on the 1.381 support level, if we see a break of this level, we expect a continuation to the 1.375 area which was a really strong resistance, it has been tested over 9 times on the daily time frame level, and now it turned support when the market broke above it.
Wait and see the market's reaction on the lower time frames!
NajjarTrading
Follow for more content.
Comment your ideas.
GBP/USD Daily time frame
The pound has been going down for some time, currently its pulling back on the 1.381 support level, if we see a break of this level, we expect a continuation to the 1.375 area which was a really strong resistance, it has been tested over 9 times on the daily time frame level, and now it turned support when the market broke above it.
Wait and see the market's reaction on the lower time frames!
NajjarTrading
Comment:
As we've said, we saw a pull back from the 1.381 support level, then broke it and hit our TP on 1.375.
Comment:
I don't expect a big continuation to the downside for GBP, stay alarmed