Hello traders!
I've spotted this buying opportunity here on
GBPUSD
which has been seeing upside ever since the October Flash Crash. The 1.25 area marks a clear level of resistance that price finally managed to break out of on December 1st with price accelerating from the 1.254 level. If price can manage to return to that 1.25 area it will likely act as support.
I will be monitoring price action to determine whether or not I will be entering into this position so be sure to follow to get those updates.
Good luck!
I've spotted this buying opportunity here on
GBPUSD
which has been seeing upside ever since the October Flash Crash. The 1.25 area marks a clear level of resistance that price finally managed to break out of on December 1st with price accelerating from the 1.254 level. If price can manage to return to that 1.25 area it will likely act as support. I will be monitoring price action to determine whether or not I will be entering into this position so be sure to follow to get those updates.
Good luck!