GBPUSD has been on a bear trend for a little over a month now, taking out prior lows from June of this year. Before I would look for another rally, I'm looking for price to really push through and take out the last low of June and even the low at the bottom of May 26th. If GBPUSD continues trending in its current direction, I'm expecting price to pull back into 1.24300 area before finally taking out the lows I mentioned of June and May. Good Luck Traders! Share with me your thoughts on what you think GBPUSD is shaping up to do.
Trade closed: target reached:
100 pips secured