GBP/USD |Technical Analysis| 4H
GBP/USD has just confirmed a reversal to the upside on the 4H by rejecting strong support and breaking the downward trend line. It would be nice if we can see a small correction to either previous 1H support or possibly a retest to the trend line for a better entry and Risk Reward Ratio. We will monitor GBP/USD on the 1H and if we see bullish price action from there then we will enter a long for a nice 1 : 2.5 R.
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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.