After price hits 1.2575 I'll put some Long trades and TP will be at 1.33.
Why do I think GBP/USD is going down to 1.2575?
Because, I have signal on USD/JPY to go Long and also Blue Line that warns of change in Zones on GBP/USD Daily chart suggests that we will witness some kind of Sell Zone forming on GBP/USD.
All in all, CPI is probably to come out slightly higher than forecasted 3.3% and am expecting quite a sharp rise of USD.
This would be that point B I believe big banks are going for now (1.2575).
After that, point C is all the way up there at 1.33.
What will happen at 1.33 will be HIGHLY INTERESTING, because this is where the last line of defense for Bears lie on Monthly TF. There are no more R lines on my charts after 1.33 is taken outa and for this reason this will be the most important Resistance once price gets there.
Why do I think GBP/USD is going down to 1.2575?
Because, I have signal on USD/JPY to go Long and also Blue Line that warns of change in Zones on GBP/USD Daily chart suggests that we will witness some kind of Sell Zone forming on GBP/USD.
All in all, CPI is probably to come out slightly higher than forecasted 3.3% and am expecting quite a sharp rise of USD.
This would be that point B I believe big banks are going for now (1.2575).
After that, point C is all the way up there at 1.33.
What will happen at 1.33 will be HIGHLY INTERESTING, because this is where the last line of defense for Bears lie on Monthly TF. There are no more R lines on my charts after 1.33 is taken outa and for this reason this will be the most important Resistance once price gets there.
3
let it go haha
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