Upon gaping below 1.2762, yesterday, GBP retraced for the second time to this resistance, 1.2762, but go rejected. I went short following the second rejection and is still holding onto this position. I expect a breakout below 1.2634 to confirm a continuation of this bearish move towards 1.2555. On the 4 hour chart above, a minor bullish pullback can be seen but should not rise above 1.2718. At the moment, buy positions seems risky and may not be recommended.
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .