Should price action for the GBPUSD remain inside the 1.6010 to 1.6040 zone the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.6020
• Take Profit Zone: 1.6160 – 1.6190
• Stop Loss Level: 1.5940

Should price action for the GBPUSD breakout above 1.6040 the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Long Position
• Entry Level: Long Position @ Retracements in the trend; buy orders during dips
• Take Profit Zone: 1.6160 – 1.6190
• Stop Loss Level: 1.5940

Should price action for the GBPUSD breakdown below 1.6010 the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.6000
• Take Profit Zone: 1.5860 – 1.5890
• Stop Loss Level: 1.6070

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