Home / Forex Treiding / The GBPUSD trades above a swing area after dip failed

The GBPUSD trades above a swing area after dip failed


  • share

The 1.27865-98 is eyed. 

A quick look at the GBPUSD chart shows that the price fell below it August 24 and September 5th lows of 1.27865 and 1.2798. We currently trade above that area.  Are the buyers trying to bottom?  Maybe. That area is a risk level for the dip buyers.   On the topside the 1.2837 is a topside trend line to target.  

ForexLive

About SkyNET

Leave a Reply

Your email address will not be published. Required fields are marked *

Яндекс.Метрика >