Forex

Forex Signals GBPUSD : Bought at 1.2945 with sl below 1.2916

GBPUSD given fresh buy signals for swing traders at 1.2945 with sl below 1.2916.
Yesterday buy call which was generated at 1.2835 still active. Secured 81 pips profit with trailing sl at 1.2916 now.
CME Group’s preliminary figures for GBP futures markets noted open interest dropped by just 258 contracts on Wednesday from Tuesday’s final 261,700 contracts. Volume increased for yet another session, this time by nearly 13K contracts.
GBP/USD now eyes a test of 1.3000
Cable’s ongoing advance was on the back of rising volume and an irrelevant up tick in open interest, opening the door for a squeeze higher that could reach the psychological 1.3000 handle.

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Asif Iqbal

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