GBPUSD / H4 / Daily Forex Technical Analysis / 7.2.2019

2 Tem 2019

Hello Traders, welcome to the Daily Forex technical analysis. Today is July 2nd, 2019 and we will be taking a look at the British Pound against the U.S Dollar. Looking at the 4 hour time frame, price action is currently retracing and we are looking at the 1.25 area to hold as support. If we do hold at the 1.25 previous support zone we will be looking for optimal conditions to enter a long trade. Entry for a Long position near the 1.25612 area, with a Stop Loss near the 1.25017 zone, and a target level area of 1.27314 to possibly ensure a profitable trade with a 2.86 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!