1.3200 Pretty attractive level to be long GBP/USD

9 lug 2018

As I published some weeks ago, the GBP respected very well its floor at 1.3050 and then started a bullish correction in the meddium term. Today we've seen a test of its MA50 at 1.3354 with a clear rejection (mainly for fundamental concerns about Brexit), even though I'd stay long GBP as its macroeconomics stay solid waiting for stronger data due the weakness of the pound. This bearish channel cannot last forever!!
SL 1.3101 TP 1.3449