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This Currency is at a Key Area Now.. 

Last Updated: July 25, 2019

By Rayner Teo

11-2

On weekly you see price retracing on average of about 400 pips.

At this moment, GBPUSD has retrace about 480 pips and it could either be a steep retracement or a start of something new.

Personally I will trade with the trend till it ends.

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On daily you can see that the 1.6700 is a key area that has been tested couple times. And this is where i’m choosing to fight my “battle”.

Long at 1.6665

Stoploss at 1.6565

1st target at swing high

Good Trading! 🙂

  • I was thinking the same but I was not 100% sure about it, but now I have one more reason to think again to open the trade. Thanks Rayner will monitor the pair.

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