GBPUSD prints yet another low @ 1.2712
GBPUSD had a flash print to 1.2712 today before pulling back. It trades close to 1.2840 levels for now and should be underway towards a potential counter trend rally towards 1.3200 mark in the next few days. The drop between 1.3483 and 1.2712 could be seen as Wave A of the corrective drop. GBPUSD bulls might be poised to push through 1.3200 mark to terminate Wave B before reversing lower again towards 1.2200 mark as Wave C progresses.
Remain short with stop above 1.3500, target @ 1.2200
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Remain short with stop above 1.3500, target @ 1.2200
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
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