GBPUSD looking to gradually make it to 1.3850
GBPUSD finally took the expected dip on Friday and considering the weekly and monthly charts we can see that GBPUSD is well set to take a dip towards 1.3850 and this target seems to be achieved by GBPUSD as early as this week. Traders will look to sell GBPUSD during this week on rise during its retracement. Currently a good selling level can be seen at 1.6050 with a bit extended stop and look to capture GBPUSD move towards 1.3580 level.
Trade:Sell GBPUSD @ 1.6050 with Stop @ 1.6325 and Profit Limit @ 1.5850
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