Potential long opportunity on GBPUSD because...
1. Testing support at 1.34414, which has been respected before.
2. Using fibonacci retracement, it is at the golden zone, and is testing the 50.0% extension.
If TP 2 hit, we could see price even hit 1.40 or a drop back to 1.32, but it also depends on what the FED says.
TP 1: 1.35700
TP 2: 1.37000
SL: 1.33100
1. Testing support at 1.34414, which has been respected before.
2. Using fibonacci retracement, it is at the golden zone, and is testing the 50.0% extension.
If TP 2 hit, we could see price even hit 1.40 or a drop back to 1.32, but it also depends on what the FED says.
TP 1: 1.35700
TP 2: 1.37000
SL: 1.33100