GBPUSD testing significant support from March 2020
GBP is under a parallel channel and testing major support area right now that was respected back in Mar 2020. There are two possible scenarios. Either it will make a reversal or will get a breakdown. Both can be powerful. Watch the following levels:
Reversal Plan
Buy: 1.14478
SL: 1.14164
TP: 1.15490
Breakdown Plan
Sell: 1.14085
SL: 1.14275
TP1: 1.13657
TP2: 1.12978
Reversal Plan
Buy: 1.14478
SL: 1.14164
TP: 1.15490
Breakdown Plan
Sell: 1.14085
SL: 1.14275
TP1: 1.13657
TP2: 1.12978
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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.