GBPUSD: Thursday's bullish reversal candle is still in play.
GBPUSD. Although the pound didn't rise from our initial support area at 1.3690-00 and pulled back lower, we still hold our bullish view, as price remained above 0.618 retracement levels.
For today, the initial test is the 1.3680-85 area. We will BUY at current levels adding more at a strong bullish candle with close above 1.3685. We will set our stops below 1.3645 and our initial target at 1.3745-50. Half position will remain open with stops at Break Even if 1.3745-50 is met. Next target will be 1.3830
For today, the initial test is the 1.3680-85 area. We will BUY at current levels adding more at a strong bullish candle with close above 1.3685. We will set our stops below 1.3645 and our initial target at 1.3745-50. Half position will remain open with stops at Break Even if 1.3745-50 is met. Next target will be 1.3830