YourLazyTrader

Hourly chart update for GBP/USD, pullback to 1.2690 possible

FX:GBPUSD   British Pound / U.S. Dollar
Hello traders and the entire Tradingview Community! I am presenting a
hourly chart analysis for GBP/USD.

As you can see from the chart, price is struggling to break the 1.2760 supply
level. So, if this continues, there might be a small pullback in GBP/USD.

The price may fall another 30-40 pips towards 1.2690. However, I have no
open sell positions in GBP/USD as my plan is to buy the dips
. I will update
this idea when I have an entry.
Comment:
30 Pips drop since I posted
Comment:
Reached 1.2690 just like I had predicted, bought a small lot
Trade active:
Bought@1.2691
Trade closed manually:
Closed@1.2714
Trade active:
Bought again@1.2690 based on the 4H support

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