GBPUSD, NEW DIRECTION, POTENTIAL DOWNTREND
Having retraced on the lower time frame, the potential of a continuation to the down side is possible where price may drop to around the 1.2470 price area. The potential setup remains valid below 1.2560 price area.
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Disclaimer: Trading foreign currencies (forex) is not appropriate for all investors, and the risks of forex trading can be substantial. You should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources.
Like/comment/follow to get notification updates on this and other ideas.
Disclaimer: Trading foreign currencies (forex) is not appropriate for all investors, and the risks of forex trading can be substantial. You should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources.
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The market is closing for the weekend very soon. Will be holding off on the potential setup until Monday morning, where we will review the setup once again to see if the potential is still there. Untill then, have a great weekend.