RLinda

GBPUSD ! The price in range. Finding a setup to buy

Long
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD confirms sideways range 1.2595 - 1.21675. The currency pair is testing support and forming a rollback. At the moment the price is trading in the short zone and we should be looking for great setups to find a buy entry point.

There is a strong support level 1.21675 on the chart, from which the price is trying to go up.

I suppose if the price can consolidate after testing support 1.21675 above this level, then there may be a good increase. Short-term target - local peak at 1.2325

Sincerely, R. Linda!

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