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03.01.202310:15 Forex Analysis & Reviews: Trading tips for GBP/USD

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Exchange Rates 03.01.2023 analysis

A peculiar situation is developing in GBP/USD. Buyers are trapped at the level of 1.2, which is the only place where they can set their stop orders.

Exchange Rates 03.01.2023 analysis

To avoid losses, traders should refrain from opening long positions and focusing instead on looking for signals to break the circular level of 1.2. This idea is based on the Price Action and Stop Hunting methods.

Good luck in trading and have a nice day! Don't forget to control the risks.

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