GBPUSD Has been a difficult pair to trade.
In the recent days it has offered some good opportunities but it has also accumulated and that could be the signal to rebalance the market.
Pound has been a pair for day trade only i mean it gives up a good 50-100pips in a day's move so why hold longer when it moves so unexpectedly.
Proceed with caution. To me it wants to take 1.38500 and subsequently 1.37800 easy targets. However, this pair moves so strong that it can rally to 1.39500+ and tank to take 1.3780 so have to be careful.
#GBPUSD #DOLLAR #EURUSD #POUND #GBP #EUR #USD
In the recent days it has offered some good opportunities but it has also accumulated and that could be the signal to rebalance the market.
Pound has been a pair for day trade only i mean it gives up a good 50-100pips in a day's move so why hold longer when it moves so unexpectedly.
Proceed with caution. To me it wants to take 1.38500 and subsequently 1.37800 easy targets. However, this pair moves so strong that it can rally to 1.39500+ and tank to take 1.3780 so have to be careful.
#GBPUSD #DOLLAR #EURUSD #POUND #GBP #EUR #USD