We are looking at a continuation in bearish trend with the GBPUSD.
If we get a pullback and test, preferably at 1.30185 price zone, we'll look for selling opportunities with our target at 1.2666
If price breaks our first target, our second target will be at 1.2587 price zone.
Both of our targets are very close to each other. Our first target is a conservative target, and second one is a aggressive target.
The profit taking target should depend on the risk to reward ratio you have considered.
If we get a pullback and test, preferably at 1.30185 price zone, we'll look for selling opportunities with our target at 1.2666
If price breaks our first target, our second target will be at 1.2587 price zone.
Both of our targets are very close to each other. Our first target is a conservative target, and second one is a aggressive target.
The profit taking target should depend on the risk to reward ratio you have considered.