Should price action for the GBPUSD remain inside the 1.5000 to 1.5100 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.5060
• Take Profit Zone: 1.6500 – 1.6600
• Stop Loss Level: 1.4700

Should price action for the GBPUSD breakout above 1.5100 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ Retracements in the trend; buy orders during dips
• Take Profit Zone: 1.6500 – 1.6600
• Stop Loss Level: 1.4700

Should price action for the GBPUSD breakdown below 1.5000 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.4950
• Take Profit Zone: 1.4650 – 1.4700
• Stop Loss Level: 1.5100

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.