GBP/USD likely to drop to 1.2950
GBP/USD is currently in a rising channel. However, price is struggling to break
the channel resistance. Current price action indicates bulls are getting exhausted.
As long as price stays below the resistance, GBP/USD is likely to drop to 1.2950.
I would be looking to sell the rallies in GBP/USD.
A strong break above the channel resistance would make this set-up invalid.
the channel resistance. Current price action indicates bulls are getting exhausted.
As long as price stays below the resistance, GBP/USD is likely to drop to 1.2950.
I would be looking to sell the rallies in GBP/USD.
A strong break above the channel resistance would make this set-up invalid.
Trade closed: target reached:
Reached target and even dropped further. 180 pips profit for those who followed
