GBP/USD: 1.36 – A Make-It Or Break-It Level
The best performer on Monday was the British pound which rebounded and provided buyers in the GBP/USD a good gain. It will now be interesting whether the 1.3650-hurdle can be taken out. We will watch out for a break above 1.3670-80 in order to anticipate further gains towards 1.3750 and 1.38. On the downside, a renewed break below 1.3570 could see a continuation of the cable’s steeper decline with a lower target at 1.3350.
The EUR/USD was flat between 1.1640 and 1.16. Buyers should watch out for a renewed break above 1.1630 in order to buy euros towards 1.1670. A break below 1.1580 on the other side could increase chances for accelerated bearish momentum.
The DAX traded choppily between 15180 and 15000. A break below 14950 could see a dip towards 14900 whereas a rise above 15300 may prompt bulls for a test of 15500.
Daily Forex Signals:
If you are keen to know where we put Take-Profit and Stop-Loss, if we trade on a specific day or not and how we manage open positions, subscribe to our signals.
Monthly results 2021:
September 2021: +578 pips
August 2021: +135 pips
July 2021: +34 pips
June 2021: +264 pips
May 2021: +528 pips
April 2021: +278 pips
March 2021: +45 pips
February 2021: +42 pips
January 2021: +472 pips
We wish you good trades!
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2021 MaiMarFX.
Follow us on social media:
