GBPZAR at at the bottom of a rising channel

٢٠ ديسمبر ٢٠٢١

Time to play a bounce on GBPZAR 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