Overall view of GBPUSD - Update of July 15th's week
Aimed by a steady volume for 2 months, the GBPUSD pair was sideways with well-defined supply and demand level retaining any attempt of breakout. After a false breakout on July 9th setting up the new low of the year, we are now experiencing a sharp bullish reversal.
Possible targets: @1.27500 (+180 pips).
Advice: Stay bullish and buy any low points while we don't break downside @1.25000.
Possible targets: @1.27500 (+180 pips).
Advice: Stay bullish and buy any low points while we don't break downside @1.25000.
Trade closed: stop reached
Stop loss reached, demand and low of the year level broken
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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.