GBPUSD Fibonacci Buy Long
British Pound/U.S. DollarFXCM
Description
⋅ There is one level that I am looking at for the GBP/USD:
Support(1): 38% Fibonacci Retracement, 1.2090
Here's the trade:
1) Buy 1.2094
2) Stop Loss @1.2071
3) Profit Target @ 1.2117, 1:1 risk vs reward
Be ready for the BoE release during the London session.