Here an update on the published Weekly S/R Levels at the beginning of the Week and how Price behaved around these Levels. See Related Idea for the initial Post with the Weekly Levels for this Week.
From the start of the Year GbpUsd is in a Range from 1.3285 and 1.2870. Last Week we rallied to the middle of this Range and Yesterday we dipped 20 Pips below it again. With all the Brexit GbpUsd has his own will so to speak. Next week we want to see continuation to the upside aiming for the Middle again. If we trade through with Speed we will go to 1.3100. When there is no speed the chance is we roll over again. We can throw this expectation out of the window when we trade below 1.2910.
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Follow me and get the S/R Levels which matter now. Every Day before London Open.
Happy Hunting, Stay Safe!
Warm Regards,
Mariinus
From the start of the Year GbpUsd is in a Range from 1.3285 and 1.2870. Last Week we rallied to the middle of this Range and Yesterday we dipped 20 Pips below it again. With all the Brexit GbpUsd has his own will so to speak. Next week we want to see continuation to the upside aiming for the Middle again. If we trade through with Speed we will go to 1.3100. When there is no speed the chance is we roll over again. We can throw this expectation out of the window when we trade below 1.2910.
Hope you appreciate my content 👍
Follow me and get the S/R Levels which matter now. Every Day before London Open.
Happy Hunting, Stay Safe!
Warm Regards,
Mariinus
