GBPUSD is moving nicely in its downward trend and it seems that it is currently targeting 1.9665 level. But before doing that GBPUSD is looking to take some retrace and it is expected to touch 1.9776 level before heading back in its downward trend. The RSI is also a bit on the lower side especially in daily charts and it is also pushing GBPUSD up but the RSI will open up on GBPUSD completing its retracement towards 1.9776 level. The traders will look to sell GBPUSD around 1.9776 level for targets below 1.9700 level.
TRADE:
Sell GBPUSD @ 1.9776 for Profit Level @ 1.9716 and Stop Loss @ 1.9806
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