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GBPUSD Facing Huge Selling Pressure | July 12, 2017



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Gbpusd is now under pressure for huge sellers who are pushing this pair down. Daily candle formed as bearish rejection after huge fall. So now we can expect some bearish movement on this pair. We should look for sell on this pair. Sell zone lies on 1.2840-55. You can sell on that zone with 35 pips SL and tp 50-100 pips.

This pair is now fighting with support zone at 1.2810-15. This level can be critical for this pair for next movement. So if we get a breakout of this zone, then we can see free fall on this pair. 

On the other hand, if this pair forms any bullish candle, then we need to go for buy and SL will be 1.2780, TP 30-70 pips. 

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