GBPUSD is currently testing a possible support level. The last candle was a long legged doji which confirms support here.
This is a good low risk opportunity to go long with and good risk to reward of 5:1. A stop needs to be placed just below the shadow on the doji candle at 1.30033 and would target 1.30800 which is just below the area of resistance marked on the chart.
This is a good low risk opportunity to go long with and good risk to reward of 5:1. A stop needs to be placed just below the shadow on the doji candle at 1.30033 and would target 1.30800 which is just below the area of resistance marked on the chart.