In my analysis from 3 days ago, I said that my target for this rise in GbpUsd's case remains at 1.22.
Once more, GBP doesn't deny its nature and spiked above this important zone...
From a technical point of view, 1.2250-1.2300 should provide strong resistance and NFP data today could be the trigger for a drop.
Negation for this bearish scenario comes with a daily close above 1.24 and 1.1750 could be a swing trader's target with an eye on the 1.2 zone also
Once more, GBP doesn't deny its nature and spiked above this important zone...
From a technical point of view, 1.2250-1.2300 should provide strong resistance and NFP data today could be the trigger for a drop.
Negation for this bearish scenario comes with a daily close above 1.24 and 1.1750 could be a swing trader's target with an eye on the 1.2 zone also
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🌟 Premium Contact:
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