The long term trajectory on GBPUSD is higher. I am expecting it to reach the first resistant at 1.3100 level by next week, followed by small retrenchment and then will continue to push higher. I have entered long last week at 1.2580 on 4H time frame after the retracement from FOMC announcement.
I would like to share with you the recent trade that I took two days ago short on GBPNZD and the reasons that I look this trade. My main reasons were: GBPNZD approached a historically high level on the Weekly chart which is considered as a sell zone. 1.The pair was unable to break that level and formed a triple top on the weekly chart. On the daily chart,...