Hello Traders,
GBP today seems to have found support in the 1.26 area from where I expect a retracement to the 1.27 level with first major resistance around 1.2710.
The rebound could be aided by the U.S. rate cut in June and major dollar sales by China. We can provide for a fairly tight stop loss just below the 1.26 level.
Stare your trading idea in the comment section below ⤵️
GBP today seems to have found support in the 1.26 area from where I expect a retracement to the 1.27 level with first major resistance around 1.2710.
The rebound could be aided by the U.S. rate cut in June and major dollar sales by China. We can provide for a fairly tight stop loss just below the 1.26 level.
Stare your trading idea in the comment section below ⤵️
Trade active:
Bulls need to break 1.273.
Trade active:
1.26 support level