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theRaggy

GBPZAR at at the bottom of a rising channel

Long
British Pound/South African Rand (SAXO:GBPZAR)  
theRaggy  
SAXO:GBPZAR   British Pound/South African Rand
Technical Indicators GBPZAR GBP Forex Bullish Patterns LONG ZAR
2
1
indicator gbpzar gbp forex bullish long zar
Time to play a bounce on GBPZAR off of the upward sloping support in this well established channel:

  • UK GDP figures out on the 22nd of Dec so could introduce some volatility if there is a big miss
  • Target is 22.22 over the next 2 weeks
  • Stop loss around 20.40
  • Next level of resistance @ 21.30

Good Risk Reward here!

Boom,
@theRaggy
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