Just Reading an article in a News Reporting website…
Lets Talk about this News
GBPUSD Reversal has Gone Above 1.4130 Level
The British pound has moved sharply higher against the U.S dollar, with price-action now fast approaching the 1.4200 technical level, after a sharp reversal in direction on Tuesday. The GBP-USD pair found strong dip-buying demand from the 1.3979 level, with pair rallying strongly on a return of U.S dollar weakness and bullish comments from UK PM Theresa May, who denied rumours of a leadership challenge. Going forward sterling traders will look to the release of the ADP Jobs Report and the FOMC Interest Rate Decision and Policy Statement.
The GBPUSD pair remains strongly bullish while trading above the 1.4130 level, upside resistance is now found at 1.4220 and 1.4284.
Should price-action on the GBPUSD pair fall back below the 1.4130 level, key technical support is found at 1.4082 and 1.4033.
I was following it up doing well then was shorting coming back down
but i think i have been over trading and gave some of the profits back.
I have been mainly studying the 1 minute charts last 2 weeks and 5M, 15M
Tricky on the 1 minute but it helps to time the 5M entry better.
Not sure whether to wait a bit longer for a Long Keep looking at 1.39090 area…
@_bob well…i have seen that you have raise an objection against my posts on this forum…See.I am not coming here to spam here and there ok…i am new here and i mistakely don’t follow proper rules…I admit that i have to give credits to the author for that post and have to mention the website too but mistakely i don;t mention that…thank you so much for pointing out this mistake and i will never repeat this mistake in future…
