Expecting prices to respect trendline with target at 1.27 for the short term.
Note that USDX is currently on a trendline and might find support, in which case GBPUSD could find itself going lower.
Note that USDX is currently on a trendline and might find support, in which case GBPUSD could find itself going lower.
Trade closed: stop reached
USDX moving back down to wick support, will be looking to re-enter again if trendline holdsNote
Accompanied with back to back good news coming from US, USDX held its trendline.Will be keeping a lookout for more opportunities in the market.
Especially in the precious metals, when S&P is dumping as well
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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.