FX.co ★ GBP/USD: trading plan for the US session on January 12th (analysis of morning deals)

In my morning forecast, I drew attention to the level of 1.2753 and planned to make trading decisions based on it. Let's look at the 5-minute chart and analyze what happened there. The drop and the formation of a false breakout at this level led to an excellent entry point for buying the pound, increasing the pair by more than 25 points. The technical picture was slightly revised in the second half of the day.