GBPUSD has been in an overall uptrend. After touching the 1.300 level, we have seen this pair stuck within a range and have seen multiple retests, concluding that this area is a major liquidity zone providing the opportunity for sellers to take control of the market. We are taking entries from the top of the range, targeting the bottom area, being the 1.280 level. This will provide us with a yield of 1%.
Trade closed: target reached