FX:GBPUSD   British Pound/U.S. Dollar
Order for a long position on GBPUSD             . The pair has proven to accept the fibonacci levels, and as such I will enter a position on fibonacci 61.8, formed from the uptrend from February to March, and target fibonacci 76.4, formed from the downtrend in March-April. The SL will be below the previous low, which is also below the strong support which was formed in 2002             . The support has also been respected three times, rejecting the price from moving through. And as such it is reasonable to believe that it would be respected again.

Order:
Entry: 1.4100
SL: 1.399
TP: 1.438
Risk/Reward: 2.55.
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