GBPUSD Trading Strategy On 9 05 (updated) Evening Trading Call - forex trading classes in coimbatore

GBPUSD Trading Strategy On 9 05 (updated) Evening Trading Call ~ forex trading classes in coimbatore

SHORT GBPUSD BELOW 1.5600 MARK

Just after Bank of England (BOE) key interest announcement ( leaves rates unchanged) , GBPUSD trading pair back to its previous level. It cant able to achieve 1.5600 mark. So its better option to open Profit taking trade (SHORT) with the counter by opening SELL option at 1.5575 level. Target will be 1.5490 before opening US market.

Trading Recommendation:-
SELL GBPUSD @ 1.5575 Target 1.5550, 1.5515 , 1.5490, 1.5470

Alternative Scenario:-
BUY above 1.5600 Target 1.5640

Traders are advice to trade with key monetary policy (fundamental News). Like us on FACEBOOK to get latest updates always. Have a good day !

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