British Pound/South African Rand

Long

GBPZAR at at the bottom of a rising channel

Time to play a bounce on off of the upward sloping support in this well established channel:

UK GDP figures out on the 22nd of Dec so could introduce some volatility if there is a big miss
Target is 22.22 over the next 2 weeks
Stop loss around 20.40
Next level of resistance @ 21.30

Good Risk Reward here!

Boom,
theRaggy

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