The market also has overextended itself on GBPUSD and it is expected to see good pullback. This is not change of trend, but a correction required to reduce the pressure a bit.
For now no change in view, and would be BUYING current 1.2280 and adding below 1.2220. those that went long earlier, carefully add 1.2280 etc.
The take profit is suggested @ 1.2637 for first corrective action. Once reached we buy lower again at lower levels, and I will update at the time when it is seen.
For now no change in view, and would be BUYING current 1.2280 and adding below 1.2220. those that went long earlier, carefully add 1.2280 etc.
The take profit is suggested @ 1.2637 for first corrective action. Once reached we buy lower again at lower levels, and I will update at the time when it is seen.