GBP/USD back to support level, time to buy?
Hello traders, in my yesterday's GBP/USD analysis published 2 hours before the US CPI data release, I predicted that GBP/USD will most likely fall towards the support level near 1.2550. (previous idea attached below)
As you can see, GBP/USD is back to the support zone, price went as low as 1.2520. So, I am looking at the possibility of a buy entry here. If price doesn't break this support zone, I would recommend buying GBP/USD@1.2520-1.2545, with Stop loss below 1.2480 and TP at 1.2660 and 1.2710
As you can see, GBP/USD is back to the support zone, price went as low as 1.2520. So, I am looking at the possibility of a buy entry here. If price doesn't break this support zone, I would recommend buying GBP/USD@1.2520-1.2545, with Stop loss below 1.2480 and TP at 1.2660 and 1.2710
Trade active:
Bought@1.2539
Comment:
20 Pips running profit
Comment:
Looking good guys, 30+ pips and counting
