GBPUSD Long

111
CMP: 1.22969

The sterling has had a large pullback resulting in a previous daily candle closure for that of a doji or bullish pinbar. We can expect price to move away from the 1.22 psychological level and the 61.8% fib retracement towards the next weekly resistance and -27.2% fib level at 1.27500. My ideal entry, stop loss and take profit points are shown with the long position tool.

This analysis is for educational purposes only.

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