GBP/USD. Everything remains unchanged. | 31 January 2024
31 January 2024, GBP/USD
Another trading day passed calmly. The price calmly moved down towards the local minimum. Currently, there is an attempt to rise. Most likely, we will see the price return to yesterday's levels.
Such low activity provides no trading opportunities, thus the need to observe the situation remains. The entry point for a trade remains the same: a breakthrough, preferably followed by consolidation below the designated support level at 1.2600.
Activation of this signal may occur on the final trading day of the current week or may be postponed to a later time.
Investment idea: Sell at 1.2600, stop loss at 1.2630, take profit at 1.2450.
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