GBP/USD 1.4750 - Downside Target Projection
GBPUSD CATCHUP!
Hope Everybody had a great Xmas... Quite surprised with certain market
movement especially sterling.
Around a week ago my most recent GBP/USD analysis was published.. A bearish sentiment coupled with a specified target projection at: 1.4750
As long as the price remains below major RES/ former Supp: 1.5000
then there are no specifics to take a long entry.
100 PIPS further (If target is achieved) I will then be stepping back to await P.A to signal a bounce or a break (lower).... maybe to the FIB extension 2.
Happy trading
Hope Everybody had a great Xmas... Quite surprised with certain market
movement especially sterling.
Around a week ago my most recent GBP/USD analysis was published.. A bearish sentiment coupled with a specified target projection at: 1.4750
As long as the price remains below major RES/ former Supp: 1.5000
then there are no specifics to take a long entry.
100 PIPS further (If target is achieved) I will then be stepping back to await P.A to signal a bounce or a break (lower).... maybe to the FIB extension 2.
Happy trading