Get started
Fxprotrader

GBPUSD: Potential Rally From Key Support

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
Fxprotrader  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis GBPUSD
10
0
trendanalysis gbpusd
Price in GBPUSD is retracing towards a previous key support zone with the sliding parallel of the long-term median line set playing a key role as a holding support. In case we see price reaching the sliding parallel we better start watching for a buy setup completion. Stop-loss should be placed below the 1.32950 and potential profit targets should be placed at around 1.34640.

All the best,
John
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.