Potential rally in British Pound futures, valid for GBPUSD
Updated
Buyers have passed important sellers zone near 1.2400 with significant volume. Range near 1.2400 is the nearest magnet now. Once retested and rejected we can consider longs with the final target near 1.26500. Note 1.23500 range has to hold to keep structure valid.
Trade closed manually
It has moved up but without retest of the mentioned zone. No sense to hold lower orders
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.