GBPUSD Analysis
Updated
We have initiated a long position in the GBPUSD with a tight Stop Loss just below the 1.27 level. With equity markets stabilizing, we think there will be some room for a reversion/retracement, short of a reversal since our outlook is for volatility and for more downside to continue in the coming months.
Trade closed manually
We have enjoyed the strength of the pound over the last 24 hours and have closed the idea. We are now going to look to re-enter the trade at lower levels.
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