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300Eur instead of 450Eur
GbpUsd- 1.3 is my target for correction:
After finding a strong ceiling at 1.35 zone, GbpUsd fell like a rock smashing 1.3 support like nothing.
The pair finally found support at 1.2750, market but former support and resistance in the past and an inverted hammer on Friday and a bullish engulfing yesterday.
I believe we are in for a relief rally and the pair could rise to 1.3 zone.
That being said, I will look to buy dips with a SL under 1.2750.
GbpNzd- I will buy under 1.91
With Gbp being so weak in the last weeks, also GbpNzd dropped more than 1000 pips.
Now the pair is trading just above the strong support found at 1.9 zone and I expect at least a rebound from here.
I will look to buy dips with at least 1.95 target.
EurGbp- prone to a correction?
The rise in EurGbp is more due to Gbp weakness than Eur strength…
With GbpUsd finding a strong bottom at 1.2750 I expect a correction also for this pair.
I will look to sell rallies with a .09150 target.