GBPUSD - Range trade for a while longer or..
The GBPUSD is testing 1.6152 Resistance area. As of now it looks like it is going to bounce and go down to the 1.60 support area. However, a break and a close above 1.62 opens for 1.6272 as the next resistance and from there possibly all the way up to 1.67 again.
My opinion is that we will see more range trades with a few fakeouts before the Pound will break loose and rally. Either way - pretty easy pips in sigth
My opinion is that we will see more range trades with a few fakeouts before the Pound will break loose and rally. Either way - pretty easy pips in sigth
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.