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Buying Opportunity In GBP/SGD

By FOREX IN WORLDForexAug 27, 2019 09:50AM ET
www.investing.com/analysis/buying-opportunity-in-gbpsgd-200458917
Buying Opportunity In GBP/SGD
By FOREX IN WORLD   |  Aug 27, 2019 09:50AM ET
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There is a possibility of temporary retracement to suggested support line (1.6810). if so, traders can set orders based on Price Action and expect to reach short-term targets.

GBP/SGD is in a range bound and the beginning of uptrend is expected.

  • The price is above the 21-Day WEMA, which acts as a dynamic support.

  • The RSI is at 64.

Take Profits:

TP1= @ 1.7118

TP2= @ 1.7250

TP3= @ 1.7525

SL= Break below S2

Buying Opportunity In GBP/SGD
 

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Buying Opportunity In GBP/SGD

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