Should price action for the GBPUSD remain inside the 1.5800 to 1.5850 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.5825
• Take Profit Zone: 1.6825 – 1.7000
• Stop Loss Level: 1.5525

Should price action for the GBPUSD breakout above 1.5850 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: 1.6825 – 1.7000
• Stop Loss Level: 1.5525

Should price action for the GBPUSD breakdown below 1.5800 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.5775
• Take Profit Zone: 1.5500 – 1.5575
• Stop Loss Level: 1.5850

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

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