Home Forex Market Analysis Forex Signals GBP/USD Supported Over Double Bottom – Buy Signal Update! 

GBP/USD Supported Over Double Bottom – Buy Signal Update! 


The GBP/USD is trading at 1.3692, and it has closed a Doji candle on the four hourly timeframes, and it may extend a bearish correction in the GBP/USD pair. On the lower side, the support stays at 1.3636 and resistance at 1.3692 and 1.3720 today. The GBP/USD pair’s 10 & 20 periods EMA is supporting bullish bias in the Sterling. The MACD and RSI support bullish bias; therefore, bullish bias dominates over the 1.3646 level today.

Entry Price – Buy 1.36606

Stop Loss – 1.36206

Take Profit – 1.37006

Risk to Reward – 1:1

Profit & Loss Per Standard Lot = -$400/ +$400

Profit & Loss Per Micro Lot = -$40/ +$40

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