Mihai_Iacob

GbpUsd- My target remains intact, so, where to sell?

Short
FX:GBPUSD   Funt Brytyjski/Dolar USA
As you're aware, I've held a strong bearish stance on GBPUSD , not only anticipating a drop below the 1.25 support level but also expecting a plunge to the 1.2 level.

So far, this prediction has been on point. Last week, cable confirmed its weakness as all rallies were sold off, failing to even retest the broken 1.25 support level.

Maintaining my bearish outlook, I anticipate further downside momentum, potentially reaching 1.2.

Regarding entry points for short selling, if you're not already in a short position, the optimal level would be around 1.24.
However, given yesterday's price action, rallies above 1.2350 should also be viewed as favorable opportunities for entry.

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.