justatrader
Long

GBPUSD - Ahead of CPI release

FX:GBPUSD   British Pound/U.S. Dollar
283 1 1
Following up from the previous analysis, the downside objective was achieved at 1.67418. In the run up to the CPI             release, it is likely for GBPUSD             to go back to test the previous level of 1.6925.

While the bias is to the downside, for now, an upside move could be likely. Not recommended to take a long position now, or if taken make sure the risks are minimal with stops at or below 1.66559 followed by 1.67303.

Will be interesting to see how the pair reacts back at the 1.69250

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ForceFollower
2 years ago
I'm with you, buddy. Still long.
Reply
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