Here on GBPUSD price has reached a psychological level of 1.28000 and it continue being uptrend this means that buyers are still in control so going fo LONG is needed and targeting profit should be a psychological of 1.28500 .
GU has broken and closed below the major support that has been holding it for a while, I expect continuation of the bearish trend and i will look for a sell position. However, if price reversed and closes above the keyzone, my bias would change to minor bullish.
What's your thought on this?
The general trend of the GBP/USD pair turned bearish, and moving below the 1.3300 support will stimulate the bears to launch further. The next stronger support levels will be 1.3220 and 1.3140, then the psychological support 1.3000. To give the bulls control, the currency pair must return towards the 1.3660 resistance, according to the performance on the daily...
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
