As previously mentioned, GBPUSD has been undervalued for a period of time due to Brexit.
GBPUSD has then been trading in a downward wedge since December 2019, and price is currently at a significant support zone, at the bottom of the wedge.
This would prove to be a good opportunity to buy GBPUSD, with SL below the wedge at 1.2840, TP levels at 1.3025, 1.3200.
GBPUSD has then been trading in a downward wedge since December 2019, and price is currently at a significant support zone, at the bottom of the wedge.
This would prove to be a good opportunity to buy GBPUSD, with SL below the wedge at 1.2840, TP levels at 1.3025, 1.3200.