GBPUSD ( Cable ) We are watching it closely as you know we had great accuracy in this pair like emoticon
At the moment 1.4150 is very much important support and a decent bounce of 300 pips we can expect But stay patience at the moment and let the bounce to establish and let it pass the reflex area.
Today price daily close above 1.4160 is good sign for bullish pullbacks but if yesterday price again fall at 1.4125 below then NEXT target lies at 1.38.
We expect bounce from here on this support by 300 pips but We will prefer again one more decline after these bullish pullbacks.
Trading recommendations :
Stay patience strictly and wait for the establishment of Bullish Bounce.
How ever price again break below 1.4100 will give the next 1.38.
At the moment 1.4150 is very much important support and a decent bounce of 300 pips we can expect But stay patience at the moment and let the bounce to establish and let it pass the reflex area.
Today price daily close above 1.4160 is good sign for bullish pullbacks but if yesterday price again fall at 1.4125 below then NEXT target lies at 1.38.
We expect bounce from here on this support by 300 pips but We will prefer again one more decline after these bullish pullbacks.
Trading recommendations :
Stay patience strictly and wait for the establishment of Bullish Bounce.
How ever price again break below 1.4100 will give the next 1.38.