GBPUSD BUY LIMIT

169
GBPUSD BUY LIMIT
BUY @ 1.25000
Sl @ 1.24300
1st TP @ 1.27000
2nd TP @ 1.28300 (.50 fib level)


Expecting DXY reversal as its reached the highest level since 2020 & GBP strength as GBP INDEX is sitting on the .50 fib ( weekly timeframe)
GBPUSD is also sitting on the .618 fib level ( weekly timeframe). It has slowed down as it approached & already rejected just above the .618 fib & im expecting a retest before a push upwards. This pair is also extremely oversold on all timeframes.

1:4.7 rrr

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.