GBPUSD: It should hold this level, else it's dead

The Pound reached a critical support level. If we see the market hold here, it'll go back to the top of the range, or it could even start an uptrend in the weekly or monthly.
I'd reccomend risking 1-3 average ranges down from the low if going long. I already bought a bit lower before publishing, sorry for that. I bought at 1.2222, but it's still good around here.

Good luck!

Ivan Labrie.

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54 pips from the post. Who else got in?

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Absolutely underwhelming turn around in the Pound, it's underperforming most currencies too. Really bad situation, if we don't hold here.

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I'm long once again, started with a small position and a wide stop.

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I think the bottom's 100% confirmed now, reenter on dips if out.

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After today's action, we have good odds of marching higher progressively.

Hold longs, or reenter if flat.

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I'd like to add on dips to support here, watching to see if we go a bit lower.

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It did hold!