Important area for GBP USD Long

British Pound/U.S. DollarFXCM

Description

⋅ May 17, 2022 2:32 PM

We are at the bottom of the support channel. However, it looks like a good place to go long, but I would wait to see if we can get a spike into this buy area as a last and final capitulation event, as this would provide greater risk to reward.