Is the Pound set for a Squeeze on the buyers

FX:GBPUSD   British Pound / U.S. Dollar
The Pound did not take kindly to the news that Brexit may be delayed yet again as buyers were quick to lock away some gains as price spiked lower. There is still a lot of fuel built up from the BidZone and the 1.2200 area that could be the target for a squeeze lower off 1.3010. Of course a little bit of positive news could trigger further buying to target the OfferZone but either way we are watching for corrective action lower for a potential sell entry and then will manage the risk as appropriate.
BY TRADERS FOR TRADERS - Expert Trade Analysis Directly to your Phone and Computer. Timely trade alerts…bringing opportunities to you faster!


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out