Trader, analyst and instructor with a 6-year experience

L.Vereschagin: buy GBP/USD

Authored by Leonid Vereschagin

The pair trades in an uptrend since May 24. The 2-day correction is over, price is now reversing upwards from the support at 1.6920.

Chart. Daily GBP/USD

Trade signal

BUY IN A RANGE: 1.6900-1.6920

Stop Loss: 1.6885

Take Profit: 1.7000

Chart. H4 GBP/USD

Another bullish signal on the hourly chart: RSI is overbought.

Chart. H1 GBP/USD 

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