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Hi traders
GBPUSD:
The GBP/USD pair recently has been trading upwards. The price tested the level of 1.4230. According to the daily time – frame I found a breakout of inside daily formation, which is another sign of the strength. My advice is to watch for potential buying opportunities.
On H4 time frame I see buying opportunity I open new long position on GBPUSD I will wait next 2 days. tp: 1.4257 sl: 1.4047
If pair break below 1.4080 possible bearish price movement.
GBPJPY:
This pair is expected to continue to rise. The pair has tested 150.3 level a few pips below my tp at 150.5 . The pair is posting some technical rebounds a strong is resistance at 150.3 level A strong support base has formed at 148.30, and is expected to limit any downside room. RSI shows lacks downward momentum. Therefore, as long as 148.30 is not clearly broken, likely advance to 150.30.
I decided to keep my GBPYP order open for next 3 days. tp: 150.5 sl: 145.00
Resistance levels: 149.95, 150.30, and 151.00.
Support levels: 147.65, 147.30, and 148.
Good luck trading
GBPUSD:
The GBP/USD pair recently has been trading upwards. The price tested the level of 1.4230. According to the daily time – frame I found a breakout of inside daily formation, which is another sign of the strength. My advice is to watch for potential buying opportunities.
On H4 time frame I see buying opportunity I open new long position on GBPUSD I will wait next 2 days. tp: 1.4257 sl: 1.4047
If pair break below 1.4080 possible bearish price movement.
GBPJPY:
This pair is expected to continue to rise. The pair has tested 150.3 level a few pips below my tp at 150.5 . The pair is posting some technical rebounds a strong is resistance at 150.3 level A strong support base has formed at 148.30, and is expected to limit any downside room. RSI shows lacks downward momentum. Therefore, as long as 148.30 is not clearly broken, likely advance to 150.30.
I decided to keep my GBPYP order open for next 3 days. tp: 150.5 sl: 145.00
Resistance levels: 149.95, 150.30, and 151.00.
Support levels: 147.65, 147.30, and 148.
Good luck trading
