In BP class yesterday, I covered on GBP, giving my thoughts that most GBP pairs, especially GBPUSD and GBPJPY at make or break line. What do you I mean by make or break? At this m/b line, I expect big movement to come. Needless to say, at this level, it will either go up or down *big smile*
My First post on GBPUSD here. Read first.
Month close, but no week close yet
We seen a month below key level 1.5230.
Day close but not week close
On day chart, there was a close below recent low, but no week close
In all, I’m bearish at the moment, but I’m very caution about this trade and want to see more confirmation. Waiting for a week close.
This level is a very attractive level, so I can’t allow it for no action. But definitely things aren’t clear, therefore, limit risk allocated into it.