GBPUSD – Flat
AfterGBP/USD is rallying within the supportive zone 1.3214-1.3201.Unless there’s a clear breach to the lower side with a big red candle, I expect a momentum to the upper side, as it is on the 4Hour chart above, I highly recommend buying the pair now within the zone with your take profit at 1.3437 and stop loss slightly below 1.3201.Should the price break above 1.3201, then I suggest waiting for a correction to the just broken line to continue long with GBP towards 1.3597.Right now only long positions look ideal on the 4Hour chart above and can be advised. Short positions may only be ideal below 1.3021 towards 1.3055.
Long GBP/USD now with your take profit at 1.3437 and stop loss slightly below 1.3201.
Do you know against which currencies GBP is the most profitable?
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