GBP/USD looks persistent

GBP/USD looks persistent

2020-08-04 • Updated

GBP/USD formed a pin bar with a long lower shadow. This may mean that buyers are ready to resume the uptrend – a least to make the price test the recent high near 1.3160. We would pick the 1.3110 mark for entering a buy trade. Support levels lie at 1.3050 and 1.3000.

Trade idea for GBP/USD

BUY 1.3115; TP 1.3160; SL 1.3100

GBPUSDH1.png

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