GBPUSD pair about to leave the range. CPI release on Tuesday have Enlighted traders on the current short term market outlook, the pair is still on selling pressure targets 1.25193
This is the update of GBPUSD, this was the trade i called out on Friday to give 30pips sl to target 80- 90 pips, there's is till another entry opportunity wait for price to retrace to 127.211 you go in for a long..
EURGBP tested Dec' 23 support zone forming a double bottom. Upon a complete formation of bullish engulfing candle am going long.
Reasons:
(1) RSI below 40 indicates over sold
(2) Since Sep'23 the pair has not break the 0.85505 support zone
(3) Double bottom
Am watching how the pair react to 0.66101
I need to see something more convincing than this to open a short.
So, for now, I’ll stay patient to see what the first few days of the week bring.