The entry point for GBPUSD is imminent
Updated
Previously, when GBPUSD touched 1.19250, we emphasized that there was strong support at that level, and there was a demand for a rebound. The consecutive two rallies were both quick rebounds after testing the support, but the sustainability of the upward trend was weak, and there was a subsequent decline after being under pressure.
However, when the market enters our buying zone again, I will still act decisively and continue to position myself long at the previous key support level, waiting for the market to stabilize and further form an upward breakthrough.
As I focus more on long-term positioning and swing trading, the trading cycle may be longer, and long-term positioning requires a relatively large amount of capital and a good investment mindset. I will also keep updating and promptly notify when the layout point is reached.
Operational suggestions: buy at 1.19200-1.19400, with the first profit target at 1.21500 and the second profit target at 1.22700.
I have in-depth research on futures products such as cryptocurrencies, forex, stocks, gold, and crude oil, and I also update some daily operational layouts. Thank you for your attention and likes, and friends with questions can leave me a message promptly, and I will provide the most secure advice, hoping to help you.
GBPUSDTrade active
The market starts to rise, pay attention to the target position
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