Gbp is currently trading with an equilibrium zone, not going below 1.26088 or above 1.30278. While the price is within this zone, I’m only interested in trading reversals. A breakout of this zone will attract a trade depending on the direction of the break. As it is on the chart attached, I’m waiting for either a bounce from 1.26088 will attract a long position while a bounce from 1.302 will attract a short position with an ideal take profit at 1.26088. As it is, a break below 1.26088 will be more ideal for sellers.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Imelda Maseno
Analyst of «FreshForex» company
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