GBP/USD pullback fizzling out, will it fall to 1.26 again?
Dear traders, GBP/USD pulled back to 1.2720 at the end of
last week. However, the current price action indicates that
the rally is fizzling out.
So, if the current price action persists, expect another fall
to 1.2590 or lower. Short-term traders can take advantage of this
to sell the rallies in GBP/USD
last week. However, the current price action indicates that
the rally is fizzling out.
So, if the current price action persists, expect another fall
to 1.2590 or lower. Short-term traders can take advantage of this
to sell the rallies in GBP/USD
Comment:
Consolidation in progress, more downside could come
Trade active:
Sold@1.2719
Comment:
34 Pips profit so far