As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2015.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=1.197.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
so many speculations about the future direction of sterling:
someone says that it is undervalued and it will soon recover,
someone says that corona will destroy British currency against usd.
to avoid this ambiguity I suggest you watch the reaction of the pair to 1.2 level.
it is truly a key level - brexit...
the third test of a 2016's low on GBPUSD .
it is a crucial moment for the pair and the future direction of the pound closely depends on its reaction.
I admit both scenarios and will be patiently watching market behavior within the underlined area.
taking into consideration current events, everything can happen so be...