The chart here shows that GBP is currently at a strong support level of 1.24800 level. This support level has been tested as past resistance levels for at least 5 times in recent times. When such a support level is being tested, the pair does hold a good chance of bouncing back. I would set the TP level at around 1.25200 levels.
Looks like S.level already broken. i think it will fall down before retracing to .25200 and even greater later when Newyork opens.
trendtrader
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@Jaba1, maybe that may happen. Let's see how markets move. Keep us updated on here to let us know what happens with your trade, if you are in one. Good luck with your trading!
trendtrader
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Who else sees this current level as a strong support level for entering a buy position? Let's discuss in comments below!