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