GBPUSD closed the week at 1.3521. Last week the pair moved as we predicted technically the bias is bullish but keeping in view Brexit deal issue and other aspects we expect that on Monday if the pair open from same position we will see buying uptill 1.3550-80 range and from their we expect the pairs to come in selling as the weekly correction is due till 1.3380 range.
Trading Plan
Will monitor the pair on H4 if the pair closes above which we are expecting we will look for buying with target 1.3540-78 range and than we will enter into selling with stoploss above Friday high which was 1.3624 (we were expecting 1.3630 can be verified from last analysis) with target 1.3380
will use proper money management this is my analysis and can be wrong so trade at your own risk. The best would be to target 40 pips and when trade comes in profit adjust your stop loss to buying or selling point.
Best of Luck
Trading Plan
Will monitor the pair on H4 if the pair closes above which we are expecting we will look for buying with target 1.3540-78 range and than we will enter into selling with stoploss above Friday high which was 1.3624 (we were expecting 1.3630 can be verified from last analysis) with target 1.3380
will use proper money management this is my analysis and can be wrong so trade at your own risk. The best would be to target 40 pips and when trade comes in profit adjust your stop loss to buying or selling point.
Best of Luck
Trade closed: target reached