In the last two days, GBPUSD tried to move to 1.6800 zone but failed to break 1.6780. It seems that the bearish momentum still control the market. However, the downside is still hold at 1.6725, a strong support level and GBPUSD need to break this zone to move down further.
We expect GBPUSD will move up to test 1.6780 zone again today before heading off to next support level at 1.666 zone.
Our strategy today is to look for signals to go short again today around 1.6780 zone.
Forex Trading signals:
+1.699 – 1.700
+1.689 – 1691
+1.680 – 1.684