If another bearish bar forms and broke those important area. More downward movement is expected.
It's better to place a buy order @ 1.4003 and target profit @ 1.4200
To reap from the GBPUSD volatility ,it's best to place a sell order @ 1.2450 TP 1 : 1.2313 TP2 : 1.2254
If you're aiming to scalp some profits before the London market opens ,here is an opportunity for you. Sell limit @ 1.0840 TP 1 : 1.0780 TP2 : 1.0725 SL : X area
Here is a harmonic chart analysis showing the most possible area to make profits for a sell order
The currency pair is hoping to be on a Long position for some time. The buying pressure is still expected to increase till 1.0849
This provide an insight into where the market will new buying pressure will be before the price finally hit the major resistance zone. Buy limit is expected at 1.0825 and take profits is expected at 1.0882