How far will GBPUSD go?
The movement in GBPUSD is very definite and long.
The last buy opportunity was on Friday at 1.38, and we are now heading for 1.40
The level of 1.4000 is psychological. It has not been reached since April 2018.
Usually these levels are a time when most buyers will reap the profits. This is a good time for those who have buy trades to close.
And also, if we tend to trade against the main movement, we can look for sell.
It is good to see a pin bar for entry into sell, as we would expect a normal correction to 1.3900.
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
The last buy opportunity was on Friday at 1.38, and we are now heading for 1.40
The level of 1.4000 is psychological. It has not been reached since April 2018.
Usually these levels are a time when most buyers will reap the profits. This is a good time for those who have buy trades to close.
And also, if we tend to trade against the main movement, we can look for sell.
It is good to see a pin bar for entry into sell, as we would expect a normal correction to 1.3900.
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
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