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GBPUSD Long setup!

GBPUSD Long setup!
GBPUSD has formed a wedge on the Daily and 4H chart. It has 1 month resistance at 1.30. It also hit channel support recently.
The trade I'm looking forward to has around 5 risk to reward ratio.Entry is at .786 fib level. The SL is set juts below the latest low at 1.2968. TP is 1.3475. The TP is at channel resistance also at -23.6% fib level.

I'm new to Forex. This was my analysis about this pair. Share your opinions on the comment section.
submitted by llebe to Forex [link] [comments]

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Latest GBP market news, analysis and British Pound trading forecast from leading DailyFX experts and research team. Today’s GBP/USD Signals. Risk 0.75% per trade. Trades may only be taken before 5pm London time today. Short Trade Ideas. Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.3258, 1.3320, 1.3370, 1.3402, or 1.3434. Place the stop loss 1 pip above the recent swing high. Real-time forex news and the latest trading updates. What you need to know now about the GBP, Dollar, Yen, Euro and minors. Get the latest market news on the British Pound - US Dollar pair, including the live GBP/USD rate, news, in depth analysis and outlook. British Pound (GBP) Latest: GBP/USD Stable, UK Redundancies At Record High Daily FX 09:06 10-Nov-20. GBP/USD Price Analysis: Climbs to fresh two-month tops, beyond 1.3200 mark FXstreet 08:48 10-Nov-20. UK Claimant Count unexpectedly drops in October, GBP/USD remains below 1.3200 FXstreet 07:07 10-Nov-20. GBP/USD keeps targeting 1.3200 – UOB FXstreet 06:57 10-Nov-20. GBP/USD Daily Forecast ... provides the latest News about the GBP/USD (British Pound Sterling/Dollar). You may find the News on a daily basis with an indication for the daily trend. You may also find live updates around the clock if any major changes occur in the currency pair. List of content. Forex Rates: Forex News: Technical Analysis: GBP/USD Price . Convert GBP/USD . Technical Analysis . News . 1.3169 ... Find the latest GBP USD news from around the world. All articles are brought to you by only the best Forex experts and sources. Check our updated for GBPUSD News including real time updates, forecast, technical analysis and the economic latest events from the best source of Forex News. Get live data on the GBP/USD rate with the interactive chart. Read the latest news, analysis and EUR/USD forecasts brought to you by the DailyFX team.

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GBP/USD Technical Analysis for January 15, 2020 by FXEmpire

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