ForecastCity

Don't miss the great buy opportunity in GBPUSD

Long
FX:GBPUSD   British Pound / U.S. Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.30793). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. GBPUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.

Take Profits:
TP1= @ 1.31810
TP2= @ 1.32600
TP3= @ 1.33500

SL= @ 1.30427

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