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GBPUSD might turn bullish if it passes 1.265 mark
We've seen the Pound Dollar dancing 70 pips yesterday, and the market is on the panic. However, it is just below 20 pips since my previous analysis yesterday. Be careful on this day up to the next few weeks because it is been bloody for the GBP market following the resignation of Prime Minister Theresa May.
Overall, the market bias is still bearish and it might go down up to 1.25 - 1.24. If you are holding a buy trade on this one, pray harder.
Manage your risk well. Golden Rule is 1 - 5% of your target equity to be traded and cut it if it passes the 5% - 10% mark [depending on your risk appetite]
Overall, the market bias is still bearish and it might go down up to 1.25 - 1.24. If you are holding a buy trade on this one, pray harder.
Manage your risk well. Golden Rule is 1 - 5% of your target equity to be traded and cut it if it passes the 5% - 10% mark [depending on your risk appetite]
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