Here we have an exciting opportunity to make some free money!! Sounds interesting right? GBPUSD pair had broken down the major recently on the . We have just seen the correction and it stayed within that downside channel followed by a nice on the 4h chart, candle on the 1h chart which suggest the resumption of downtrend. It can go as low as the recent 1.1480 level. So, be patient. I have marked all tp and sl for you as well.
Our chancellor had recently indicated that we are going for a recession which is a bad news for the UK economy, COVID19 is not going anywhere soon, BREXIT stallmate as both parites are rigid in their own stance which has opended the door for a now deal brexit. Plenty more reasons for GBP to go down.
Let me know your thoughts.
Trade safe and good luck.