GBPUSD / H1 / Daily Forex Technical Analysis / 6.3.2019

Hello Traders, welcome to the Daily Forex technical analysis. Today is June 3rd, 2019 and we will be taking a look at the British Pound against the U.S Dollar. Looking at the 1 hour time price action is currently in a minor retracement, we're watching to see if price action can hold the 1.25 area as support. If price action does retrace and find support around that region we will be looking for an entry Long. Entry for a Long position near the 1.26032 area, with a Stop Loss near the 1.25553 region, and a target level area of 1.27125 to possibly ensure a profitable trade with a 2.28 to 1 R/R.