Will GBP/USD go back above 1.27? Let's analyze

2024년 1월 3일

Hello traders! Hope you had a great New Year! Now, looking at the GBP/USD
4-hour chart, we can see that price is at the moderate support zone.

Although it has fallen below the 100 EMA on the 4Hour chart, there is a chance
that GBP/USD will go back above 1.27 level if the support zone holds.

I am already holding a couple of buys@1.2620 with target at 1.27. If the support
zone breaks, I will consider closing my buys.

2024년 1월 3일

노트

Still holding my buys, 20 pips profit so far, waiting for more

2024년 1월 3일

노트

Support holding so far

2024년 1월 4일

노트

45 pips profit but the 4h dynamic resistance is offering some hurdle

2024년 1월 4일

노트

Price has reached 1.2706. So my target has been achieved, I have taken a partial profit of 86 Pips

2024년 1월 9일

노트

Price went as high as 1.2767 which was 150 pips up from my buy level