#GBP/USD#
Morning, yesterday’s GBPUSD has committed sideway among 1.1854 and 1.1714, yet we could expect 2 scenarios for today’s GU.
For now, it has reach the bottom of the trend line. Therefore, we could expect 2 cases:
1st: if it broke 1.1742 which is the support of trend line, we could expect its target at 1.1713, then rebounded to 1.1766 then continue to head down to 1.1600. We could expect sell 1.1766, SL 1.1800, TP 1.1713, 1.1650, 1.1600.
2nd: once it ascended to 1.1854, it would retest 1.1831 then we could expect its skyrocket journey to the moon at 1.1997. Buy if it broke 1.1855, SL 1.1817, TP 1.1865, 1.1907, 1.1950.
This is the scenario for probably today, yet it could possibly happen for the next few days so good luck guy.
Mancy Lee
