GBPUSD sidewise moving in a range
GBPUSD is sideways moving in a range
The GBPUSD traps the price and will move from 1.2780 to 1.2620 from August 1 to date.
The US Dollar gained in the last few days, so the GBP index is also in a strong position. The possible positions will be buying and the market will respect to its demand Zone and go ahead to touch 1.278
The possible trading setup is as follows:
Entry Point: 1.2639-1.2618
Stop Loss: 1.2590
Take Profit: 1.2800
The setup is valid if we can see some indications, a rejection candle at the support zone and a confirmation candle in H1 or M30.
The GBPUSD traps the price and will move from 1.2780 to 1.2620 from August 1 to date.
The US Dollar gained in the last few days, so the GBP index is also in a strong position. The possible positions will be buying and the market will respect to its demand Zone and go ahead to touch 1.278
The possible trading setup is as follows:
Entry Point: 1.2639-1.2618
Stop Loss: 1.2590
Take Profit: 1.2800
The setup is valid if we can see some indications, a rejection candle at the support zone and a confirmation candle in H1 or M30.