GBPUSD is looking to set itself nicely to challenge 1.9738 level. RSI is just around 53 in daily charts while it is also shaping up nicely in hourly charts. Traders will look to buy GBPUSD on dip below 1.9600 level for initial targets above 1.9700 level.
Break of 1.9738 level will set 1.9848 as new target for GBPUSD. The scenario for a upward move is also looking good if consider the Moving Averages and they are also shaping themselves for a nice upward move.
Trade:
Buy GBPUSD @ 1.9582 for Profit Level @ 1.9662 and Stop Loss @ 1.9542
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