Reference strategy and analysis of the GBPUSD market today

. Idea of ​​the day: sell soup
. GBPUSD price lost its peak above 1.27 after breaking above 1.2674 yesterday. This morning price is retesting the breakout level at 1.2674. The price will likely retest the level around 1.27 and will likely fall again due to the resilience of the US dollar.
. In the first half of this year, the ADX index has risen and shown strong momentum, and the price may have the momentum to retest 1.27. However, 1.2650 remains a strong resistance level and can therefore be sold.
Reference ACE strategy:
Sell ​​GBPUSD 1.2660 SL 50 TP 50 100PIP
Sales limit GBPUSD 1.27 SL 50 TP 50 100PIP

Kommentera:

GBPUSD: The British Pound today also showed signs of breaking its upward structure. Maybe this will be the time of adjustment for this currency pair. With the current scenario, I think GBPUSD will tend to accumulate around 1.2600-1.2730 and wait for an opportunity to break out. The current price range is also GU's support area, so Ace can consider waiting to buy around 1.2600. If GU once again falls below the 1.2580 zone, it will signal a strong downtrend.