Overall view of GBPUSD - Update of July 15th's week

Aimed by a steady volume for 2 months, the GBPUSD pair was sideways with well-defined supply and demand level retaining any attempt of breakout. After a false breakout on July 9th setting up the new low of the year, we are now experiencing a sharp bullish reversal.

Possible targets: @1.27500 (+180 pips).

Advice: Stay bullish and buy any low points while we don't break downside @1.25000.

Trade stängt: Stopp nått:

Stop loss reached, demand and low of the year level broken