GbpUsd- Bulls held their ground

In my yesterday's GbpUsd comment, I said that 1.24 is very important at this moment and a break of this level could lead to further losses, even to 1.2.
The market took a short dive under the level, but this was quickly reversed, leaving a Pin Bar on our daily chart.
This Pin Bar could be an indication that bids are very strong at 1.24 and the market could continue to the upside.
At this moment there is a high chance of a new test of 1.2550 resistance.

Commentaire:

First target hit.
Strategy remains the same: buy dips