Taking a look at the GBP/USD daily chart, it seems the price has reversed. At present price has
dropped more than 250 pips from its high of 1.2677. It seems all set to drop further to 1.2280
which is the first area of support.
However, at the current price level, I would not recommend opening fresh sell trades.
Instead, it would be safer, if we wait for a pullback to the 1.2550-1.26 level from where we can sell
it again.
dropped more than 250 pips from its high of 1.2677. It seems all set to drop further to 1.2280
which is the first area of support.
However, at the current price level, I would not recommend opening fresh sell trades.
Instead, it would be safer, if we wait for a pullback to the 1.2550-1.26 level from where we can sell
it again.