British Pound / U.S. DollarUpdated GBP/USD pullback fizzling out, will it fall to 1.26 again?
Dear traders, GBP/USD pulled back to 1.2720 at the end of
last week. However, the current price action indicates that
the rally is fizzling out.
So, if the current price action persists, expect another fall
to 1.2590 or lower. Short-term traders can take advantage of this
to sell the rallies in GBP/USD
last week. However, the current price action indicates that
the rally is fizzling out.
So, if the current price action persists, expect another fall
to 1.2590 or lower. Short-term traders can take advantage of this
to sell the rallies in GBP/USD
Note
Consolidation in progress, more downside could comeTrade active
Sold@1.2719Note
34 Pips profit so far
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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.
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.