US Dollar appears to be gaining some strength after a prolonged sell-off. So, there's a possibility that GBPUSD will reverse to the downside.
The area between 1.2750-1.2830 could be considered as a potential reversal zone.
Wait for bearish price action and sell with 1.2500 as TP1. Stop Loss can be placed at 1.2850
The above set-up will be invalid if GBP/USD breaks this zone with a big bullish candle.
The area between 1.2750-1.2830 could be considered as a potential reversal zone.
Wait for bearish price action and sell with 1.2500 as TP1. Stop Loss can be placed at 1.2850
The above set-up will be invalid if GBP/USD breaks this zone with a big bullish candle.
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