Riding the GBPUSD Wave Through Dollar Rally
After a temporary weakness, the currency pair GBPUSD is once again showing strength. The chart indicates a significant support area between 1.2590 and 1.2520, which can serve as a starting point for a long trade. We are aware that the Dollar is currently in a phase of strength, putting the recovery of GBPUSD on shaky ground.
Therefore, we suggest choosing two take profits: one with a risk-reward ratio (RRR) of approximately 1:1 and another with an RRR of around 1.7:1.
Therefore, we suggest choosing two take profits: one with a risk-reward ratio (RRR) of approximately 1:1 and another with an RRR of around 1.7:1.