TECHNICAL GBPUSD LONG
Updated
- Pair is breaking out of the temporary correction after finding support at the 50.0% Fib of Wave C to D at around 1.5900. (wave labels are arbitrary in this case).
- Further upside expected, especially on reduced Brexit fears.
- Risk-on theme will also keep the GBP supported.
Target and Stops on chart.
Note
Half of position profits booked at 1.4700.Trade closed: stop reached
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