After last week's price of the GBP / USD spot fell to 1.32 on the last day of the week, having peaked at 1.35, today we are tracking it again as usual.
Yesterday the price opened strongly in a bullish way, thus reaching the price of 1,343, for the noon hours, but it was there that the price fell again to 1,332 to keep oscillating there sideways until the morning of the day of today when it resumed its upward course, but this time reaching the peak of 1,346.
In my opinion, it is again touching the ceiling difficult to overshoot, that is to say that soon the price will fall again and for traders they would take advantage of entering short, taking advantage of the previous patterns and in order not to risk so much we could say that the price could fall up to 1,340, with the possibility that it continues to fall progressively to the cost of 1,335, which would form a support that was previously a resistance, one must be very careful when doing this operation, take into account that the price can break the pattern and change the trend to become bullish, so you must continue the operation to go at the same time moving the stop lost to ensure profits.
This is a possible prominent entry to take advantage of, just like all of the above.
All these follow-ups have been followed by the graph with a time period of 1h, however, the period of 1d is taken into account, which shows us the important prices that must be taken into account, they are fundamental when setting the stop lost and take profit.
Grafico GPB/USD temporalidad 1H
