GBP/USD back to support level, price may rebound a bit
Hello traders, as I had predicted a week ago, GBP/USD fell after hitting the
1.28 resistance level. Currently, price is back at the 1.2530 zone.
Please note that, there is a likelihood of further rebound in GBP/USD. Price has
already rebounded more than 40 pips. We have already bought GBPUSD 1.2540 with
initial target at 1.2650
If price dips again, I recommend traders to buy GBPUSD@1.2520-1.2540 with Stop loss
under 1.25 and ititial TP at 1.2650
However, a fall below the 1.25 level would be bad for the bulls, so I advise everyone to
apply proper money management while buying
1.28 resistance level. Currently, price is back at the 1.2530 zone.
Please note that, there is a likelihood of further rebound in GBP/USD. Price has
already rebounded more than 40 pips. We have already bought GBPUSD 1.2540 with
initial target at 1.2650
If price dips again, I recommend traders to buy GBPUSD@1.2520-1.2540 with Stop loss
under 1.25 and ititial TP at 1.2650
However, a fall below the 1.25 level would be bad for the bulls, so I advise everyone to
apply proper money management while buying
Comment:
Expecting volatility during us session when the important data comes out, will be a good trading opportunity then
Comment:
GBPUSD 60 pips up from the support level
Comment:
Price has reached my initial TP at 1.2650
