Mihai_Iacob

GbpUsd- Best place to buy

Long
FX:GBPUSD   British Pound / U.S. Dollar
As I argued in my previous analysis, GbpUsd is bullish both on the weekly time frame, with the price confirming and reversing from 1.32 support and on daily, with the pair breaking above the corrective flag that took 6 months to form.
At this moment cable is in a slight correction, and this can be a good opportunity for bulls to open long positions in the direction of the overall trend.
The best place for this is the confluence support zone around 1.36 and this scenario is negated if the price fails to stay above 1.35

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