GBP/USD: Imminent Price Breakout?
This week started profitable with our sell position in the EUR/USD at 1.1035. The pair fell towards 1.0960 and if also 1.0940 breaks, we expect further losses towards 1.0880.
We will now keep an eye on the GBP/USD which looks primed for an upcoming price breakout of its narrow trading range. This morning we will pay particular attention to prices either above 1.3125 or below 1.3090. A higher target is at 1.32, whereas on the downside, the 1.30-zone could be tested again.
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.
Daily Forex, DAX And Crypto Signals for 5/4/22:
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.
Long @ 1.1015
Short @ 1.0930
Long @ 1.3165
Short @ 1.3080
Long @ 14520
Short @ 14470
Long @ 3530
Short @ 3480