Important level for the Pound.
GBPUSD is reaching for 1.5900, a very important level for this pair that has been sirving as much as resistance as support it for a very long time.
I'd sell the Pound inside the appointed Selling Zone, waiting for a 50-100 pips retracement, aiming for the raising yellow trendline or the channel center parallel border.
Stops on the breakout of the selling zone.
BE AWARE: This falling movement is more likely to happen on Friday when traders realize the profits for this sharp raising week.
Follow this trade updates on twitter.com/rodrigosmarts
I'd sell the Pound inside the appointed Selling Zone, waiting for a 50-100 pips retracement, aiming for the raising yellow trendline or the channel center parallel border.
Stops on the breakout of the selling zone.
BE AWARE: This falling movement is more likely to happen on Friday when traders realize the profits for this sharp raising week.
Follow this trade updates on twitter.com/rodrigosmarts
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