GBPUSD: possible swing trade scenario
1,28800-1,29500 price zone might act as support, where GBP buyers can show demand in which case the first target should be around 1,31250...
If the price breaks below 1,28800 the next support area will be between 1,26700-1,27800.
Possible move is on the chart.
^^
Make sure you follow me for more upcoming ideas and feel free to share your opinion via comment.
^^
Risk disclaimer:
This is not an investment advice and you should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources. Trading spot foreign currencies (“FX”) is not appropriate for all investors, and the risks of FX trading can be substantial.
If the price breaks below 1,28800 the next support area will be between 1,26700-1,27800.
Possible move is on the chart.
^^
Make sure you follow me for more upcoming ideas and feel free to share your opinion via comment.
^^
Risk disclaimer:
This is not an investment advice and you should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources. Trading spot foreign currencies (“FX”) is not appropriate for all investors, and the risks of FX trading can be substantial.