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British Pound / U.S. Dollar

GBPUSD : SELL or BUY based on rejection

By jjforex
GBPUSD: This pair is in DOWN TREND and near to double top levels (1.2535-1.2545). If 1.2545 breaks and 4 Hr or 1 Hr candle close above 1.2545 then it will go up some points. Then in retest arround 1.2545-1.2550 levels enter to BUY with SL 1.2530 TP will be 1.2640-1.2650. If the double top levels (1.2535-1.2545) reject by Bearish Pin Bar / Bearish Engulfing Bar then go for sell with SL 1.2560 TP will be 1.2210-1.2200 levels. Best of Luck. Trade not Active at present. Wait for the candles to break / reject
Trend Analysis
jjforex

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