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MarcellusLUX

Support level unbroken in GBP/USD, time for 1.24?

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
MarcellusLUX Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns GBPUSD gbpusdanalysis gbpusdsignal gbpusdtrade
68
12
trendanalysis chartpattern gbpusd gbpusdanalysis gbpusdsignal gbpusdtrade
Hello traders, there was another dip in GBP/USD today and the price
visited the 1.2090 support zone. However, the dip was rapidly
bought and the price has rebounded 60+ pips.

So, my strategy is to buy the dips in GBP/USD as long as the support
zone stays intact. Target would be at 1.2250 and then 1.24

Comment:
Price is now 100 pips up from the 1.2090 level
Comment:
While price breached the 1.2220 level, there was no sustained move beyond it.
Price may visit the support again
Trade closed: target reached:
280 Pips profit from my buy level at 1.2090.
Closed@1.2370
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