GBPUSD to continue sinking the week of 04/04/22
The 1.3150 region has proven to be a solid resistance. Recent price action shows 4 consecutive days that price was held up and I do not expect anything different this week too.
A retest of this number will provide a good opportunity for a tight stop loss and the possibility to achieve a profitable 2.8R trade. Target should be located above the 1.300 round number. I do expect that price will stall in that area.
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Always use sound money and risk management in all your trades.
A retest of this number will provide a good opportunity for a tight stop loss and the possibility to achieve a profitable 2.8R trade. Target should be located above the 1.300 round number. I do expect that price will stall in that area.
If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications.
Always use sound money and risk management in all your trades.
Trade closed: target reached:
Target achieved.