ForecastCity
Long

Don't miss the great buy opportunity in GBPUSD

FX:GBPUSD   British Pound / U.S. Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.2195). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. GBPUSD is in a down trend 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 70.

Take Profits:
TP1= @ 1.2385
TP2= @ 1.2300
TP3= @ 1.2560

SL= Break below S2
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I definitely won't miss such a valuable buy opportunity in GBPUSD.
+1 Reply
@fxniki, Great!
Reply
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