Daily Candle suggests further up side to test 1.5800-820 which is only 50-60 pips away.
While 1.5650 is still holding up GBP/USD strong.
Intraday chart giving mixed signals, 30 minutes chart showing overbought - signal downward pressure, but I am not convinced because the price action haven't show fatique... from 4 Hour chart, GBP/USD is moving up from support and going to leap over to bullish band.. so if GBP/USD move above 1.5800 then it might continue to march higher to 1.5850.
For early session, I favour long :)
Aggressive Entry to Long at 1.5700-710, SL 1.5680 (or 30 pips from entry), TG 1.5800.
No comments:
Post a Comment