FXTechstrategyTeam
Long

GBPUSD: Key Support To Cap Downside Pressure

FX:GBPUSD   Pound Sterling/U.S. Dollar
GBPUSD: GBP sold off strongly the past week leaving risk of more declines. However, we think while its key support at the 1.5329 level holds as support a move higher on recovery should occur. We look to buy on recovery at the following levels

Strategy: Buy at 1.5375, Stop loss at 1.5303, Price target at 1.5475 & 1.5570
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