GBPUSD has moved above 1.5000 level and seems to continue towards 1.5200 level. But it seems that it might take a dip before doing so.
Traders will look to capture on opportunity by buying GBPUSD on dips to 1.4900 level for initial target at 1.5050 level.
The position can be averaged out if the dip extends to 1.4800 level. The RSI is at 46 in daily charts and thus seems to have more than enough space to break 1.2600 level.
Recommended Trade Levels
Trade 1: Buy GBPUSD @ 1.4900
Trade 2: Buy GBPUSD @ 1.4800
Profit Target 1: 1.5050
Profit Target 2: 1.5230
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1 comment:
Profit Limit 2 achieved
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