GBPUSD at strong support (LONG)
Updated
GBPUSD has fallen down to strong support on the daily TF near 1.2434
There is a prior horizontal resistance level which is now support. Also, price is at trend line support which is likely to hold. There is a confluence of support at the current price level. So a move higher is very probable.
TP will be at the prior top at 1.2675 (241 pips)
SL below the nearest at 1.2335 (99 pips)
There is a prior horizontal resistance level which is now support. Also, price is at trend line support which is likely to hold. There is a confluence of support at the current price level. So a move higher is very probable.
TP will be at the prior top at 1.2675 (241 pips)
SL below the nearest at 1.2335 (99 pips)
Trade closed: stop reached
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