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Theperfectionist
Jun 23, 2019 6:43 PM

Overall view of GBPUSD Long

British Pound/U.S. DollarFXCM

Description

GBPUSD few days ago entered a support zone and was about to test the low of the year 1.24550. However, it appeared from a bullish perspective that odds of a strong reversal were increasing. Moreover, prices soared on a spike heading the nearest resistance zone.

Possible targets: @1.28140 (+70pips).

Advice: Buy any low points while we don't reach 1.26500 bottom level.

Comment

The bottom level @1.26500 was broken, plunging prices at the demand level.
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