Will GBP/USD go back above 1.27? Let's analyze
Hello traders! Hope you had a great New Year! Now, looking at the GBP/USD
4-hour chart, we can see that price is at the moderate support zone.
Although it has fallen below the 100 EMA on the 4Hour chart, there is a chance
that GBP/USD will go back above 1.27 level if the support zone holds.
I am already holding a couple of buys@1.2620 with target at 1.27. If the support
zone breaks, I will consider closing my buys.
4-hour chart, we can see that price is at the moderate support zone.
Although it has fallen below the 100 EMA on the 4Hour chart, there is a chance
that GBP/USD will go back above 1.27 level if the support zone holds.
I am already holding a couple of buys@1.2620 with target at 1.27. If the support
zone breaks, I will consider closing my buys.
Comment:
Still holding my buys, 20 pips profit so far, waiting for more
Comment:
Support holding so far
Comment:
45 pips profit but the 4h dynamic resistance is offering some hurdle
Comment:
Price has reached 1.2706. So my target has been achieved, I have taken a partial profit of 86 Pips
Comment:
Price went as high as 1.2767 which was 150 pips up from my buy level
