British Pound / U.S. DollarUpdated A pullback is possible in GBPUSD
GBPUSD is moving within an ascending channel. Price is close to the top of the channel from where it can drop to the support level once again.
If we see some bearish price action at the top of the channel, it would be a good idea to sell GBPUSD@1.3250-1.3300 with SL above 1.3350
and TP at 1.3100.
A strong breakout above 1.33 will however be negative for the buyers.
If we see some bearish price action at the top of the channel, it would be a good idea to sell GBPUSD@1.3250-1.3300 with SL above 1.3350
and TP at 1.3100.
A strong breakout above 1.33 will however be negative for the buyers.
Trade closed: target reached
Another 200 pip profit
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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.