We have closed our GPB/USD trade from yesterday in profit. The reason for the close is that price action has twice rejected the 1.27000 level and we now await a break of this level to resume our buy bias.
On another failed break we will consider selling at this level as buyers maybe exhausted and the market will need to drop before buyers re-enter. We of course are led by the market and will inform of when we see a signal to enter again.
We captured 82.6 points from this trade which is a great start to the week. We hope you managed to make gains on this pair today as well.
Do look out for further trade ideas from us over the course of the week.