GBP/USD Weekly

 The pair is closing in on the support of the 1.5289-1.6720 range and is holding below both its MAs.

 Further upside is expected from the current historical lows.  For a long-term position, buy after a rejection at the support with a stop loss below the range at 1.5125 and a target at 1.6123.

This provides a risk/reward ratio of 330/700.

Goldenschild Asset Management

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