My overnight order for the GBPUSD pair tonight

The markets have really taken a bashing yesterday.. lots of volatility and not easy to play..  you could have easily been caught out on the sharp reversals which were seen this morning.

Anyway, a forex pair which looks interesting is the GBPUSD or cable forex pair. The price action has fallen from the previous area of resistance and looks to be close to support. I’ve got an order to buy at 15480 with a stop at 15435 (45 pips maximum loss) and a target at 15680 (200 points profit).

Let’s see if the trade triggers tomorrow…

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Category: Forex trader, Forex trading, Trading