Should price action for the GBPUSD remain inside the 1.6470 to 1.6500 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.6480
• Take Profit Zone: 1.6710 – 1.6760
• Stop Loss Level: 1.6400

Should price action for the GBPUSD breakout above 1.6500 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: 1.6710 – 1.6760
• Stop Loss Level: 1.6400

Should price action for the GBPUSD breakdown below 1.6470 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.6460
• Take Profit Zone: 1.6390 – 1.6420
• Stop Loss Level: 1.6500

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