FX.co ★ Trading tips for GBP/USD

The previous trading plan for GBP/USD pointed at an increases in prices.

The upward movement happened today, immediately after the release of the latest inflation data from the US. The pair managed to update the target level for long positions.

Congratulations to everyone who followed the strategy! The gain amounted to 900 pips. Closing long positions now will give bullish traders a profit.

The trading idea followed the framework of the "Price Action" and "Stop Hunting" strategies.

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