GBPUSD currently trading sideways and perhaps waiting for Christine Lagarde to speak later today to try and find clues as to what's happening with EU monetary policy.
These areas of support have been hit many times in the past making the levels strong.
If they're moved through, perhaps look for them to become levels of resistance.
Depending on your trading strategy etc, perhaps look to enter a sell trade in the top area of resistance and look to TP around the first level of support.
If you have any other ideas or comments, I'd love to hear them. thanks.
These areas of support have been hit many times in the past making the levels strong.
If they're moved through, perhaps look for them to become levels of resistance.
Depending on your trading strategy etc, perhaps look to enter a sell trade in the top area of resistance and look to TP around the first level of support.
If you have any other ideas or comments, I'd love to hear them. thanks.
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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.