GBPUSD daily chart showing sign of reversal after green candle appear after 5th trading day last week. Closing above 1.2950 area.
Reason : - 4 hourly chart, support at 1.2950 holding firm. - Possible upside target to 1.3150~1.3200. - Simple textbook price action in play. - Reasonable risk reward to long. - Potential to reach next resistance points :
Entry point Long : CMP or any pullback at 1.3000 area ; TP : 1.3150 (+150pips) ; SL below previous low.
Risk Reward 1 : 2.0 Always remember to trade with stop-loss, market is crazy & cunning*