GBP/SGD Forex Analysis and Forex Signal

We are currently at a 33 month low for the GBP/SGD currency pair on the W1 timeframe. Price is at a strong support level at this point.

What others are predicting

We see multiple different traders’ analysis predicting:

We can open BUY in marked Zone at the begining of trading session in Monday because:
– The price is near 33-Months Low 1.66716.
– Weekly candle made a fake breakout of this level and it’s a huge pisibility to close above.
– If GBPSGD will bounce from this Low we will have great trade with sweet risk/reward correlation.
The price has broke 7-Month Low and after pull back to Buy Zone above key level 1.70100 we can open long position with low predictable risk.

Take profit in 3…5 times bigger than stop loss
The price has broke 7-Month Low and after pull back to Buy Zone above key level 1.70100 we can open long position with low predictable risk.
Jul 9
Comment: Take profit in 3…5 times bigger than stop loss

Here are my thoughts!

Price has re-entered the RSI 30 line

Price has reached a major support level on the W1 and D1 timeframes.

Our target range for the long position is: 1.7015 – 1.7465

Cheers to another successful week!

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