GBPUSD – Flat
On the daily chart above,GBP is currently retracing to a support line 1.4072 and I expect a possible rejection at the line for a bullish momentum towards 1.4375,in case the pair goes below 1.4072 then i would remain flat and wait for a correction to the lower support line 1.3840 then buy the pair around It with my take profit at 1.4357.If there’s a clear breakout below 1.3840 then I would wait for a pullback to the line to confirm a bearish move before I enter short positions. Right now as long as 1.3840 protects the upper side only long positions can be advised.
Wait for a pullback to buy GBP with your take profit at 1.4357 and stop loss at 1.3979
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