HuracanFX

GBPUSD - Downside Caution Sees Dip Entry

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
Overall bullish trend for Cable, which has presented a correction opportunity off the daily.

Moving lower implies an obtuse support to break, making it a tough call for further downside potential.

Longs of current 1.27200 allocates very poor risk to reward - this implies a better ratio off buying the impending dip toward 1.26700.

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