GBP/USD Price Outlook| Bears are gaining an upper hand
Dear friends, in my previous GBP/USD analysis, I told you about buying at 1.2740
and targeting the 1.29 level as TP. ( idea attached below). As you can see, that was
a perfect 180+ pips trade.
Currently, GBP/USD is facing a lot of resistance 1.29 level. That being said, I don't
want to sell at the current market price because it has already dropped quite a lot
However, if price reaches 1.29 level again and stops there, I will try a small sell
at 1.29 with SL above 1.2940 and TP at 1.28
and targeting the 1.29 level as TP. ( idea attached below). As you can see, that was
a perfect 180+ pips trade.
Currently, GBP/USD is facing a lot of resistance 1.29 level. That being said, I don't
want to sell at the current market price because it has already dropped quite a lot
However, if price reaches 1.29 level again and stops there, I will try a small sell
at 1.29 with SL above 1.2940 and TP at 1.28