$GBPUSD British Pound Price Technical Analysis

This is the range structure that I follow on the 4-hour chart for the pound. Although it has received a bounce from the current $1.239-$1.24 interim support level, I think it could test its old peak at $1.231 in the short to medium term.

This is the range structure that I follow on the 4-hour chart for the pound. Although it has received a bounce from the current $1.239-$1.24 interim support level, I think it could test its old peak at $1.231 in the short to medium term.

In the event of a possible pullback, if the price falls to the $1.231 area, I am considering taking a long position with a 4.1R and 0.4% stop loss in the pound.

We are trading CURRENCIES-GOLD-SILVER-COMMODITY on PrimeXBT.

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