WOW, GBPUSD has been very, very choppy!!
GBP has had some solid fundamental data which should've boosted the bid for the GBP, however the great USD is just too strong for the GBP!!
However, I am purely taking this position based on my technical analysis.
We can see here that price is at the 100MA bar on the daily and at my 38.2% retracement and trendline!
All of the above give me reason to go long!
Going for a 30pip stop loss and 90pip target profit..
Lets see how this plays !
Trade safe and wish you all many pips!
-L
GBP has had some solid fundamental data which should've boosted the bid for the GBP, however the great USD is just too strong for the GBP!!
However, I am purely taking this position based on my technical analysis.
We can see here that price is at the 100MA bar on the daily and at my 38.2% retracement and trendline!
All of the above give me reason to go long!
Going for a 30pip stop loss and 90pip target profit..
Lets see how this plays !
Trade safe and wish you all many pips!
-L