GBPUSD deeper retrace reaching support

GBPUSD is testing 1.2000

 

GBPUSD reached 1.2500 and pulled back. This pullback was deep and has reached 1.2000 of the support. A bounce from here is required for the upside continuation and an attack on 1.2500 again. Critical support below this is 1.1800. Expect the range trading during Holiday sessions and a directional move after.

Note: look for the long trades with a stop loss below 1.2000

GBPUSD price action reversal

 

 

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