Trade idea.
For now we stay put, as the pair continues to balance below the 1.2380 barrier. In order to examine the upside, a break of that barrier is required.
If the rate slides below the 1.2310, the pair might slide a bit more, but we will remain cautious near the 1.2233 hurdle. If it holds, GBPUSD might be forming a possible range.
Please see the chart for details.
Don't forget your stop-loss.
For now we stay put, as the pair continues to balance below the 1.2380 barrier. In order to examine the upside, a break of that barrier is required.
If the rate slides below the 1.2310, the pair might slide a bit more, but we will remain cautious near the 1.2233 hurdle. If it holds, GBPUSD might be forming a possible range.
Please see the chart for details.
Don't forget your stop-loss.
Note
Please join our daily live quick technical market overview webinars - Trader’s Espresso and Trader’s Tea Time - on YouTube.Trader’s Espresso – 06:00 GMT
Trader’s Tea Time – 13:15 GMT
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.
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.