GBPUSD was sideways around $1.29452 after a surprise news from the UK caught sterling bulls unprepared. The UK economy surprisingly shrunk by 0.1% in January, month on month, according to the latest GDP figures released by the Office for National Statistics.
With price reaching up into the premium SIBI, there is a chance for a minor pullback. Risky, yet possible with this weeks high impact events
With price reaching up into the premium SIBI, there is a chance for a minor pullback. Risky, yet possible with this weeks high impact events
Trade active
Thursday closed bearish, sweeping prior lows indicating further decline in price action.With dollar presenting risk off conditions, I am looking for bullish targets to be met this week
Target 1: 1.29360
Target 2: 1.29194
Target 3: 1.29112
Trade closed: target reached
Perfection!Target 1: 1.29360
Target 2: 1.29194
Target 3: 1.29112
All Targets For Friday Has Delivered!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.