As anticipated the GBP/USD corrected recent gains and tested the support area between 1.23 – 1.2250. If 1.23 holds, a next leg up is possible with a potential upside breakout above 1.2450. However, another fall below 1.2280 could see a bearish move towards 1.22.
Daily Forex and DAX 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.
Our trading ideas for today 25/1/23:
Long @ 1.0920
Short @ 1.0865
Long @ 1.2340
Short @ 1.2310
Long @ 15110
Short @ 15040
Settings for all trades today: Entries from 8:00 am UTC, SL 25, TP 40
Disclaimer: All trading ideas and expressions of opinion made in the articles are the personal opinion and assumption of MaiMarFX traders. They are not meant to be a solicitation or recommendation to buy or sell a specific financial instrument.