GBP has quite a really long drop due to:
+ Political tensions in US-China
It might be possible that it will go reverse to 1.28 - 1.29 area. But this is just my idea.
You can try Long at 1.263-5.
TP 20 - 150
SL 20 - 40
Bullish seems out of gas due to news about Brexit Deals and some rebels, Long seems like a good option but as for the moment being, I stand neutral at today/tomorrow.
So far as the news goes, Deal Brexit seems to be more to No-Deal, expect drop more, up to 1.20. (and also another drop on No-Deal aftermath initiated)
I suggest shorting once it reach 1.286 -...
Gbpusd currently challenge 1.275 strong resistance, expect bounce occured.
Shorting 1.274 as a starting point. SL 30. TP 30 - 70.
ForLong, i see strong support near 1.265 - 1.267, suggest 1.266 for Long in January. SL 20 TP 20 - 50.
Happy new year, and happy trading.
GBPUSD bounce the support and hit the resistance for 3rd time and still going downward pressure.
There`s 2 ways in this method :
Long (If bounce occur on 1.2620) (TP 10 - 20 max due to downtrend/uncertainties on news.).
Short (If it was from 1.265 - 1.269 after bounce and resistance reached) (TP 30 - 100)
Good luck tomorrow, happy trading everyone.
Possible TVC-DXY currently in Pullback, GBPUSD down due to no changes to Interest Rates, possible going to 1.26 zone and expect some small bounce. Likely to move down to 1.2580 if Support Zone break.
TP - 20 - 50
SL - 20 (Due to uncertainties)