As expected GBPUSD reached on my mentioned target and even broke below much lower than that as HARD BREXIT is dominating. But for now GBPUSD is exhausted and momentum indicators are very much in the negative territory. Now it's time for a small bounce back to resume the ongoing BEARISH trend.
I would suggest to all that if you are having your short positions right now, close your orders, take your profits and wait for a bounce towards 1.28000-1.29000.
For Aggressive traders it will be a good opportunity to buy at 1.26300 with stop loss just below 1.25800, 1st take Profit level can be set at 1.28000 2nd take profit at 1.28600.
For traders who are selling the pair are advised to exit their short positions and secure their profits and wait for a bounce to sell this pair again.
As I mentioned in my previous analysis that Longer-term target is between 1.22-1.24.
Wish You Good Luck
I would suggest to all that if you are having your short positions right now, close your orders, take your profits and wait for a bounce towards 1.28000-1.29000.
For Aggressive traders it will be a good opportunity to buy at 1.26300 with stop loss just below 1.25800, 1st take Profit level can be set at 1.28000 2nd take profit at 1.28600.
For traders who are selling the pair are advised to exit their short positions and secure their profits and wait for a bounce to sell this pair again.
As I mentioned in my previous analysis that Longer-term target is between 1.22-1.24.
Wish You Good Luck
