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Mihai_Iacob
Nov 6, 2020 6:24 AM

GbpUsd- strong buy between 1.3050 and 1.3080  Long

British Pound/U.S. DollarFXCM

Description

The long-term trend for GbpUsd is clearly up and after correcting from 1.35 local top, the pair flirted with 1.3 for quite some time.
I think cable finally broke above and, considering its way of moving, we can see 1.35 top challenged soon
A good place for bulls to enter this move is around 1.3050 and slightly above and, also, such a trade could have a 1:4 R:R
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