Although the larger picture suggests lower prices, in very short term, GBP/USD shows signs of bullishness that might drive the pair towards the 1.2875 area.
BUY at 1.2845 SL at 1.2800 TP at 1.2880
Trade active
The trade is still active. It is now time to update the TP to 1.2900. SL remains the same at 1.2800
Trade closed: stop reached
Prices reached my SL for a -45 pips loss. The pair is not yet a sell though. It is still very likely that it will bounce on BoE later today.
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.