GBP/USD reached a key D1 support level. At this point, if the support holds, we should see a beautiful reversal.
The last time we reached this support level was October and July.
We ended yesterday with a strong doji candle, along with one the day before. Price is resisting. This is an indication that price is ready for a reversal.
At this point we can easily enter a long position with minimal risk. We can SL if price breaks below the 1.2670 area and holds (not candle tail, only if candle body holds).
Our key target levels for the long position are: 1.28510 – 1.30670.
Cheers to another successful week!