Should price action for the GBPUSD remain inside the 1.6930 to 1.6960 zone the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position @ 1.6940
• Take Profit Zone: 1.7160 – 1.7190
• Stop Loss Level: 1.6830

Should price action for the GBPUSD breakout above 1.6960 the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position @ Retracements in the trend; buy orders during dips
• Take Profit Zone: 1.7160 – 1.7190
• Stop Loss Level: 1.6830

Should price action for the GBPUSD breakdown below 1.6930 the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position @ 1.6920
• Take Profit Zone: 1.6770 – 1.6800
• Stop Loss Level: 1.7000

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

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