PropSignals

GBPUSD looking for buys

Long
FX:GBPUSD   Britisches Pfund / US-Dollar
**Monthly Chart**

On the monthly chart, it has been moving in a narrow range for the last two months. In addition, Feb candle opened within the range and started moving lower after it tested the monthly high. All this suggests a move lower next week at least to test the liquidity candle low around 1.2200 level.

**Weekly Chart**

Last week candle also closed as doji candle with wicks on both sides. From what I see good levels to buy from are around 1.25000 and sell levels are around 1.28000.

**Daily Chart**

There were no good trade setups last week. The market was almost moving in a trade before CPI news on Tuesday and then tested the liquidity candle of 2nd Feb (the previous week's candle) but moved lower midway. Therefore, I will be interested in buying around 1.25000 (round number) level or lower with a good confirmation.

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