GBPUSD: Slight increase
Updated
Today, the GBP/USD continues to trade in an upward trend. The pair is seeking support from a weaker US dollar and improved risk appetite. All eyes are now focused on the preliminary PMI data from the UK and the US for potential trading momentum.
Meanwhile, the previously gained price momentum has stalled after closing below the 1.2620 level for the last two 4-hour candles, causing buyers to hesitate.
My goal is to exit once the price reaches the designated level with a predefined target.
What about you? Do you agree with me?
Meanwhile, the previously gained price momentum has stalled after closing below the 1.2620 level for the last two 4-hour candles, causing buyers to hesitate.
My goal is to exit once the price reaches the designated level with a predefined target.
What about you? Do you agree with me?
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