We are looking to the 1.2568 level for a short on GBPUSD
WeareTrader
⋅
in this sydney season seem GBP/USD still pushed up, how high it will go ?
StoleJosifov
⋅
@WeareTrader, If it breaks the high from this Fiday, 1.2507 it will test 1.2533 which is 61% resistance level.
WeareTrader
⋅
@StoleJosifov, i see that. Actually what is the factor that keep pushing GBP / USD going up again, as it supposed slide down after last month rally, and FED rate hike and also BOE holding its interest rate. pls share what you see, thanks
StoleJosifov
⋅
@WeareTrader, I believe that this is just usual bounce/retracement after a big fall
WeareTrader
⋅
@StoleJosifov, Thank you for your kind response, if you dont mind i would like to following your update and probably would like to hear your idea as well, thanks in advance. I have no idea why lately i keep reading the market wrong