GBPUSD to bounce of 1.3
Hi Traders
I expect GBPUSD to bounce of the psychological level of 1.3 as it also acted as an important level before. Also Hitman is still bullish and the break of the level is was pretty strong. For complete confirmation of the idea I suggest watching price action on lower timeframes like the 4h but I guess it could also be played without that. Potential target is 1.325 a level that acted as resistance on the weekly timeframe. As this would be quite a big move I would also suggest some active management like taking profits and moving Stopp Loss into profits etc.
I expect GBPUSD to bounce of the psychological level of 1.3 as it also acted as an important level before. Also Hitman is still bullish and the break of the level is was pretty strong. For complete confirmation of the idea I suggest watching price action on lower timeframes like the 4h but I guess it could also be played without that. Potential target is 1.325 a level that acted as resistance on the weekly timeframe. As this would be quite a big move I would also suggest some active management like taking profits and moving Stopp Loss into profits etc.
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