#GBPUSD - 18 Jan
I gave 1.2680 as a strong level if price goes up first but instead GBPUSD made a fake break of the strong level below before rallying on hot UK CPI number. It hit 1.2680 and came down for a good 40 pips but i closed near the highs.
Overall price action turned bullish though trend is still down. Looking for a possible pullback, with 1.2658 and 1.2625 as two levels to watch for the move higher to target 1.2735 and 1.2757.
Overall price action turned bullish though trend is still down. Looking for a possible pullback, with 1.2658 and 1.2625 as two levels to watch for the move higher to target 1.2735 and 1.2757.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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.