GBPUSD [ SHORT - TERM ]
Updated
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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