ACROFX
Long

Possible double bottom in GBPUSD

FX:GBPUSD   British Pound/U.S. Dollar
115 0 3
The pair has now retested earlier bottom around 1.6160 and so far we have noticed a possible bounce from support level , as we see a doji and a fake breakout on the downside in 4H chart.

In that matter a long entry from these levels should give us a fair risk/reward, as our target is earlier tops around 1.65, while the stop should be executed if the pair closes below 1.6150 on daily basis.

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