GBPUSD. The upward reaction for the pound seems to be over. A small bounce from the support of 1.3575-80 is possible but it will be limited at the 1.3620-30 area.
We will treat any upward reaction from 1.3580 area as a sell opportunity especially if the 1.3620-30 area is reached. We will open new sell positions with a clear break with hourly close, below 1.3670. Stops above 1.3650 and targets 1.3530 and 1.3450.
We will treat any upward reaction from 1.3580 area as a sell opportunity especially if the 1.3620-30 area is reached. We will open new sell positions with a clear break with hourly close, below 1.3670. Stops above 1.3650 and targets 1.3530 and 1.3450.