- 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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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.