What a patchy week for GBPUSD especially when US Dollar currency is waning in strength and imminent recession in the US economy.
Fundamentally, GBPUSD would continue its bullish momentum however, market sentiment might be varied among traders trying to speculate the market. Hence, Ive come out the trading plan as follows:
i) SHORT if the price breaks the current support at 1.26254 with the take profit point 1 at 1.24648 and take profit 2 at 1.22893.
ii) LONG if the breaks the resistance level at 1.27632 with the take profit at 1.28682.
Author:
S.I.D. Aizu
Fundamentally, GBPUSD would continue its bullish momentum however, market sentiment might be varied among traders trying to speculate the market. Hence, Ive come out the trading plan as follows:
i) SHORT if the price breaks the current support at 1.26254 with the take profit point 1 at 1.24648 and take profit 2 at 1.22893.
ii) LONG if the breaks the resistance level at 1.27632 with the take profit at 1.28682.
Author:
S.I.D. Aizu
