GBPUSD - Possible Bounce?
The cable has been stuck at the 200 DMA and it appears ready for a small bounce, after the latest sell-off as the pair failed to drop to new lows. Our preferred scenario is to go long at these levels, targeting 1.3720. the stop loss should be at 1.3450.
Trade closed manually
We are closing our position for a marginal loss as the cable failed to bounce.
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