GBPUSD Crucial Support test
GBPUSD is approaching Support A (1.2345).
Buy if it holds and target Resistance A (1.2550), sell if it closes the candle under it and target Support B (1.2275).
On Support B buy again (as long as it holds) and target the 1day MA50 (expected target 1.2400).
The RSI hit the bottom of its Channel, indicating that there are high probabilities of Support A holding.
Previous chart:
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Buy if it holds and target Resistance A (1.2550), sell if it closes the candle under it and target Support B (1.2275).
On Support B buy again (as long as it holds) and target the 1day MA50 (expected target 1.2400).
The RSI hit the bottom of its Channel, indicating that there are high probabilities of Support A holding.
Previous chart:
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