GBPUSD reversed off its resistance at 1.2270 where it could potentially drop further to 1.2175. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Good analysis !
GBPUSD is ready now to test EMA 50 ( Daily Chart ) around 1.2357 .
Enough space for Intraday trading, and potential Reversal trade.
The previous bottom at 1.2383 is also a resistance.
GBPUSD is ready now to test EMA 50 ( Daily Chart ) around 1.2357 .
Enough space for Intraday trading, and potential Reversal trade.
The previous bottom at 1.2383 is also a resistance.