GBPUSD 4H LONG/SHORT
GBP/USD May rise 100-150 pips
Insight - Price still moving in a downwards trend and has broken previous support level with price now below the 23% as per new fib levels. Price may bounce off the weekly upwards trend line at support 1.2474. If resistance at 1.2645 is broken rice could go long unless fundamental events push price downwards.
Intraday - Buy
Trade: Buy
Buy or Above: 1.2475
Target TP: 1.2645 & 1.2752
Pivot and Support 1.2474
Trade: Sell
Sell or Below 1.2475
Target TP: 1.2400 & 1.2232
Insight - Price still moving in a downwards trend and has broken previous support level with price now below the 23% as per new fib levels. Price may bounce off the weekly upwards trend line at support 1.2474. If resistance at 1.2645 is broken rice could go long unless fundamental events push price downwards.
Intraday - Buy
Trade: Buy
Buy or Above: 1.2475
Target TP: 1.2645 & 1.2752
Pivot and Support 1.2474
Trade: Sell
Sell or Below 1.2475
Target TP: 1.2400 & 1.2232
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