Similar to what I posted for EURUSD, GBPUSD's path given yesterday worked to perfection as it rallied from the buy level for 90 pips to the target (moved +100pips as per now).
For today, overall price action is bullish, thus looking for further up. But after a huge rally, it is more difficult to predict if we get a consolidation and breakout, or a pullback first.
I would go with the thesis of a pullback before further up. One can look to be long and add more on pullback, or just wait for pullback to go long, or be full long from here. Nobody knows the manner it will move down (or yes reverse). But IMO 1.2737 is a good level to look for longs, with 1.2719 still bullish to me.
For today, overall price action is bullish, thus looking for further up. But after a huge rally, it is more difficult to predict if we get a consolidation and breakout, or a pullback first.
I would go with the thesis of a pullback before further up. One can look to be long and add more on pullback, or just wait for pullback to go long, or be full long from here. Nobody knows the manner it will move down (or yes reverse). But IMO 1.2737 is a good level to look for longs, with 1.2719 still bullish to me.
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