GBPUSD Institutional Buying Opportunities
Hello traders.
As you can see in the idea above, the first time GBPUSD tried to approach the 1.2302 figure it quickly got bought up. It is possible to see buyers steps again at the figure. However the fact that we are approaching the figure again suggests that sellers might have control here. If 1.2302 support breaks it will open up the downside. The next major support is at the 1.2114 figure. This figure will be a very good buying opportunity.
Enjoy!
As you can see in the idea above, the first time GBPUSD tried to approach the 1.2302 figure it quickly got bought up. It is possible to see buyers steps again at the figure. However the fact that we are approaching the figure again suggests that sellers might have control here. If 1.2302 support breaks it will open up the downside. The next major support is at the 1.2114 figure. This figure will be a very good buying opportunity.
Enjoy!
