Possible long opportunity on GBPUSD
Potential long opportunity on GBPUSD because...
1. Testing support at 1.34414, which has been respected before.
2. Using fibonacci retracement, it is at the golden zone, and is testing the 50.0% extension.
If TP 2 hit, we could see price even hit 1.40 or a drop back to 1.32, but it also depends on what the FED says.
TP 1: 1.35700
TP 2: 1.37000
SL: 1.33100
1. Testing support at 1.34414, which has been respected before.
2. Using fibonacci retracement, it is at the golden zone, and is testing the 50.0% extension.
If TP 2 hit, we could see price even hit 1.40 or a drop back to 1.32, but it also depends on what the FED says.
TP 1: 1.35700
TP 2: 1.37000
SL: 1.33100
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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.