We are looking to enter short the GBPUSD soon. Price action will likely reach up to the 1.3347 level, which is the ideal level where we are looking to get short for a move lower towards the 1.3088 level initially and 1.12965 as our target level.
Price action has moved higher again, which is what we were expecting. We are now short to target the 1.2964 level on an upcoming bearish move.
Trade closed: target reached:
Price action hit our 1.2964 level as expected.