From a technical standpoint, GBPUSD is bearish and we can expect that to be the case over the coming weeks. However, after the pair plummeted over 500 pips, we'd expect the market to correct to the upside before a bearish continuation. This presents a long opportunity with target level set at 1.3000 - should this level act as a price ceiling then we will be presented with a long term shorting opportunity.
Have a Pipful Trading Week!
Have a Pipful Trading Week!