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.
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