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Nickelor
Sep 30, 2020 10:01 PM

GBP/USD Long term Long

British Pound/U.S. DollarFXCM

Description

Despite neutral fundamentals, we could be at significant turning point. The confluence of long term support with 0.618 Fib retracement from June lows is a significant level from which the pair rebounded. My entry point would be a break of the next fractals at 1.2925, for a long term target at 1.3600/1.3625. I have set up a short term stop du to my account size, at 1.2890, but long term stop should be 1.2800 or there about. This is not advice, just my opinion. We will see how it goes.
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