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Trader Journals:::2025-05-07T04:09:09

GBP/USD

GBP/USD

It is worth noting that yesterday there was volatility in the GBPUSD pair, as a result, it managed to grow quite well and even reached 1.34, but there was no follow-through above that level, although personally I was expecting it. We still have an upward movement as the main trend, although there are no targets above because earlier the level around 1.3430 was removed, where a false breakout was left. On the other hand, we continue to trade within the same range, with several levels below. Of course, everything should be decided today because of the Federal Reserve. However, I still look to the south and will focus on the false breakout at 1.3430, so if we move slightly above, I will sell there, especially since the stop loss will be acceptable.
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