Hello traders, in our idea published yesterday, we advised buying GBP/USD@1.2540 zone
as it was a support level. Currently, with price at 1.2661, the buy trade is in over
120 pips profit.( We have linked the previous idea below for you to cross-check)
Now, let us take a look at the daily chart. We can clearly see that price has climbed back
above the 100-day EMA level. This is a bullish sign The immediate resistance now lies
at the 1.2670 level, which if broken would take the price towards 1.28.
Our plan is to keep holding our buys from 1.2540 level and in case there is another dip,
we will load some buys again.
as it was a support level. Currently, with price at 1.2661, the buy trade is in over
120 pips profit.( We have linked the previous idea below for you to cross-check)
Now, let us take a look at the daily chart. We can clearly see that price has climbed back
above the 100-day EMA level. This is a bullish sign The immediate resistance now lies
at the 1.2670 level, which if broken would take the price towards 1.28.
Our plan is to keep holding our buys from 1.2540 level and in case there is another dip,
we will load some buys again.
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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.
Related publications
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.