Hello friends, last Friday, GBPUSD broke the 1.26 level but failed to sustain above. The daily candle on Friday looks like bulls have lost control.
Bulls have also failed at the key 100-day EMA level which further solidifies the bearish bias in GBPUSD. I have already sold GBPUSD on Friday above the 1.2620 level.
At present, I will consider selling the rallies in GBPUSD is price reaches the 1.26 level once again.
Bulls have also failed at the key 100-day EMA level which further solidifies the bearish bias in GBPUSD. I have already sold GBPUSD on Friday above the 1.2620 level.
At present, I will consider selling the rallies in GBPUSD is price reaches the 1.26 level once again.