GBP/USD Price Outlook| Possible long entry near 1.2850?
Dear friends, in my previous GBP/USD idea, I told you to sell at 1.3060
channel resistance level( idea attached below). As you can see, that trade
generated close to 200+ pips profit.
Currently, GBP/USD is approaching the 100-day EMA. Along with that, 1.2850 key
level is also intact. This gives us the possibility to consider long entries.
Keep in mind that Brexit deadlock is not positive for the Pound. So, buyers must keep
their risk very low to avoid big losses.
I would be looking to buy close to the 1.2850 level with small lots and
a moderately wide SL below the support area.
channel resistance level( idea attached below). As you can see, that trade
generated close to 200+ pips profit.
level is also intact. This gives us the possibility to consider long entries.
Keep in mind that Brexit deadlock is not positive for the Pound. So, buyers must keep
their risk very low to avoid big losses.
I would be looking to buy close to the 1.2850 level with small lots and
a moderately wide SL below the support area.
