GbpUsd is looking at a bearish reversal. The Range is narrowing and the indicators show a lack of buying pressure to justify a break-out. A sell with a possible target of 1.2650 would be a good trade. Stop-loss at 1.3040
We take short position below the red triangle and book profit at 1.24000.
Do not open a trade if the closes above the red triangle.
Get out of trade if it breaks 1.291000
There is a possibility that GBP/USD holds it's support and breaks it's resistence about 200 pips up.
This is a continuation pattern. You can wait for more confirmation before investing.
Always make your own analysis before getting in any position as well as money manage properly. FX_IDC:GBPUSD
GBPUSD is making range since 18th of April
and still respecting two range zones
Expecting big move on GBPUSD soon
Based on Daily/Monthly and Weekly timeframes
my guess coming to long!
Just wait for break and retest to enter this trade.
I m gonna update soon.
Don't forget to trade with proper RM/MM and caution.
Good luck everybody
GbpUsd is nearing a resistance zone, it's likely that from this area the area there will be a strong wave down specially if the 1st lower range breaks. This will make 1,2580 a nice target to use as take profit on GbpUsd pairs.
I dont expect the 2nd lower range to break straight away after it, a wave back up touching the 1st lower range is more likely but if the...
GBPUSD closed above 1.24000 resistance last week. Bulls taking control. We could wait for a pull back long strategy if price can hold above 1.2400. Long around 1.2400.1.2350 with price action confirmation
GBPUSD has shown recently when it has gotten down to support near 1.2365, showing that the level is the line in the sand for buyers as they continue to buy near that level. Currently price around the Strong resistance at price around 1.257. We see the potential for more upside movement in this pair whilst above that level and traders can watch for price action...
