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Mihai_Iacob
Sep 26, 2022 7:19 AM

GbpUsd- New trading range? 

British Pound/U.S. DollarFXCM

Description

GbpUsd failed to stay above the 1.15 pandemic low and after it dropped under this support, the pair literally tumbled with a drop of 1k pips in just a few days.
The Asian open was in 1985 low and I expect this low to offer support for the pair in the coming weeks or even months.
In conclusion, for a swing trader, the 1.04-1.05 zone could be a good place for buying and 1.15 zone could represent the target

Comments
FOREXN1
Interesting :) Pullback and price may be drop more.
Mihai_Iacob
@FOREXN1, i doubt a drop under 1.0350
ProjectSyndicate
Thanks for sharing your analysis and charts
JoeChampion
Good work my friend!
FieryTrading
Very interesting🔥
ShawnMCR
Amazing job buddy. Thanks for sharing it 💎
Tolberti
I agree with the support. Good job done.
Lingrid
Very possible scenario
ArmanShabanTrading
It's possible 👌🏼
KlejdiCuni
I really like the effort you put into your charts. Thank you!
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