GBPUSD for a few sessions is walking in range 1.30000 - 1.33000 but price is still over uptrend line so upward direction is still valid. Today after very important publications from UK market price has rapidly dropped to support zone where also is trend line. Now we see that price has stopped at this level and see some buyers activity. We are opening buy trade with target at last local resistance near 1.33000 and with stop near 1.2980. Our risk reward ratio is 1:3.
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Stop moved to Break Even
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Price didn't hit our target but trade closed with profit.