Overall view of GBPUSD
GBPUSD few days ago entered a support zone and was about to test the low of the year 1.24550. However, it appeared from a bullish perspective that odds of a strong reversal were increasing. Moreover, prices soared on a spike heading the nearest resistance zone.
Possible targets: @1.28140 (+70pips).
Advice: Buy any low points while we don't reach 1.26500 bottom level.
Possible targets: @1.28140 (+70pips).
Advice: Buy any low points while we don't reach 1.26500 bottom level.
Note
The bottom level @1.26500 was broken, plunging prices at the demand level.
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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.