Overall view of GBPUSD - Update of July 15th's week
Updated
Aimed by a steady volume for 2 months, the GBPUSD pair was sideways with well-defined supply and demand level retaining any attempt of breakout. After a false breakout on July 9th setting up the new low of the year, we are now experiencing a sharp bullish reversal.
Possible targets: @1.27500 (+180 pips).
Advice: Stay bullish and buy any low points while we don't break downside @1.25000.
Possible targets: @1.27500 (+180 pips).
Advice: Stay bullish and buy any low points while we don't break downside @1.25000.
Trade closed: stop reached
Stop loss reached, demand and low of the year level broken
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