GBPUSD Short Term Buy Setup

1 באפר׳ 2018

The pair is correcting back after a sharp upside recovery which is likely to find support around 1.39 on further weakness ahead of turning higher in short term. The weekly chart is suggesting further potential of upside for medium term. Presently it is unfolding within a flat corrective structure which is likely to consolidate within a broader range of 1.3710 to 1.4350 in the coming weeks.