#GBPUSD: Update 1000 PIPS Idea is Still Valid

Dear Traders.

Our last idea on GBPUSD we had given you an important update that price will go slightly higher around 1.2760 and then reject from there and price did the exactly same thing. Here is second update, price may touch 1.2702 area once again and then drop heavily or drop straight from this point. We will have to wait and see how DXY holds up the bullish momentum. If it continue the bullish momentum then we can see GBPUSD drop even below in short time.

Let us know what all you think about GBPUSD ?

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Price is hovering around our entry zone. Possible strong bearish movement expected! Keep an eye out. A good entry now with accurate stop loss can be a good one.

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Price is still around our entry. Still unsure, what would the price do next. Since we are still waiting for more confirmation. Price has ranged between 1.2650-1.2770.

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After so many days, price has finally shown some bearish momentum. 150+ pips currently, possible downtrend to continue.

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:250+ PIPS, dropping heavily targeting 1.2400 region . Will give you an update tomorrow.