UnitedFX

Time to Focus on GBPUSD

Long
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD bounce off two month lows and waiting for BOE announcement.

(Reuters) - British Prime Minister Theresa May has struck a tentative deal with the European Union that would give UK financial services companies continued access to European markets after Brexit, the Times reported on Thursday.

If BOE would rescue the British Pound, GBPUSD will push highr to October highs (1.325)

Now GBPUSD is 1.285 and wait for retrace to 1.279.
Entry 1.279
Target 1.32 (410 pips)
Stop 1.259 (200 pips)
Risk and Reward 1:2

Take care of your risk management

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