Hello traders, in my yesterday's GBP/USD analysis published 2 hours before the US CPI data release, I predicted that GBP/USD will most likely fall towards the support level near 1.2550. (previous idea attached below)
As you can see, GBP/USD is back to the support zone, price went as low as 1.2520. So, I am looking at the possibility of a buy entry here. If price doesn't break this support zone, I would recommend buying GBP/USD@1.2520-1.2545, with Stop loss below 1.2480 and TP at 1.2660 and 1.2710
As you can see, GBP/USD is back to the support zone, price went as low as 1.2520. So, I am looking at the possibility of a buy entry here. If price doesn't break this support zone, I would recommend buying GBP/USD@1.2520-1.2545, with Stop loss below 1.2480 and TP at 1.2660 and 1.2710
Trade active
Bought@1.2539Note
20 Pips running profitNote
Looking good guys, 30+ pips and counting
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Related publications
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.