GBPUSD: Setup for a breakout?
GBPUSD continues to form a sideways formation at the lows. We believe that a breakout of the formation is in the making.
We BUY some more at current levels(1.3330). We set our stops at 1.3298 and our targets open
We BUY some more at current levels(1.3330). We set our stops at 1.3298 and our targets open
Note
The 1.3360-70 area offers an opportunity to take partial profits as it is a strong resistance. We transfer our stops at BE or below today's swing low and we are waiting the breakout...
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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.