Will GBP/USD go back above 1.27? Let's analyze
Hello traders! Hope you had a great New Year! Now, looking at the GBP/USD
4-hour chart, we can see that price is at the moderate support zone.
Although it has fallen below the 100 EMA on the 4Hour chart, there is a chance
that GBP/USD will go back above 1.27 level if the support zone holds.
I am already holding a couple of buys@1.2620 with target at 1.27. If the support
zone breaks, I will consider closing my buys.
4-hour chart, we can see that price is at the moderate support zone.
Although it has fallen below the 100 EMA on the 4Hour chart, there is a chance
that GBP/USD will go back above 1.27 level if the support zone holds.
I am already holding a couple of buys@1.2620 with target at 1.27. If the support
zone breaks, I will consider closing my buys.
Uwaga
Still holding my buys, 20 pips profit so far, waiting for moreUwaga
Support holding so farUwaga
45 pips profit but the 4h dynamic resistance is offering some hurdleUwaga
Price has reached 1.2706. So my target has been achieved, I have taken a partial profit of 86 PipsUwaga
Price went as high as 1.2767 which was 150 pips up from my buy level
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