The market is reaching the buy zone on a Daily Timeframe . * 3 zones meet together which does make that area a good buy. *Downtrend support line, Uptrend support line and Daily support line meet in the buy box. *Other Support zones could be found below the trend line but can be used as a new entry point, if the market fails to find support in the buy box. *If GBPUSD reaches the buy box it will create a new low since April 2017 Overall looking for GBPUSD to reverse to the upside over the coming weeks.
TP 1 - 315 pips TP 2 - 500 pips Longterm - TP 3 - 755 Pips If the market breaks the resistance trendline then TP 3 will be reached
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.