GBPUSD Losses Recuperation,
Yesterday, we believed in the technical picture of GBPUSD ignoring the fundamental which didn’t meet economists expectation (Inflation report). It surprised the market, but our careful selection levels let us confirm 50 pips loss despite the 120 pips rally.
In our sterling previous wire, we marked 1.7100/1.7120 as pivot to squeezed buyers, while risk scenario was maintained upon a close above Tuesday’s high. 50 pips losses triggered as market closed shallowly above that high by inches.
Today, we will use 1.7135 & 1.7090 to go long to recuperate the losses and some extra pips where target to be identified later, and the exit scenario to be maintained once a close below yesterday’s low is triggered.
***Rule to Remember: Gaining 20pips out of any free-signal is highly remarkable as such trades are not updated on time or ever.
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