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junjie_s

GBPUSD Bottom of Falling Wedge.

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
junjie_s  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis
4
0
trendanalysis
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.
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