GBPUSD - Intraday - We look to Sell at 1.2960 (stop at 1.2990)
Closed the day little net changed. Levels close to the 78.6% pullback level of 1.2951 found sellers. Posted Mixed Daily results for the last 28 days. Trading within a Corrective Channel formation. Rallies continue to attract sellers. Bespoke resistance is located at 1.2960. Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 1.2750 and 1.2730
Resistance: 1.2950 / 1.2960 / 1.2985
Support: 1.2904 / 1.2750 / 1.2738
Closed the day little net changed. Levels close to the 78.6% pullback level of 1.2951 found sellers. Posted Mixed Daily results for the last 28 days. Trading within a Corrective Channel formation. Rallies continue to attract sellers. Bespoke resistance is located at 1.2960. Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 1.2750 and 1.2730
Resistance: 1.2950 / 1.2960 / 1.2985
Support: 1.2904 / 1.2750 / 1.2738
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