GBPUSD is currently trading sideways and currently it s interesting to see that if GBPUSD can hold 2.0000 level. Currently traders are selling GBPUSD for short trades around 1.20075 level and it seems that break of 2.0000 will take GBPUSD to 1.9930 level and around that level, traders will be looking to buy GBPUSD for targets well above 2.0100 level.
One thing that is keeping a pressure on GBPUSD to push it towards 2.000 is the high value of RSI and in case GBPUSD takes retracement below 2.0000 level, RSI will open up and will set itself nicely for targets above 2.0100
TRADE:
Buy GBPUSD @ 1.9928 for Profit Level @ 2.0078 and Stop Loss @ 1.9800
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