GBP/USD Price Outlook| Time for a correction to 1.3050?
Dear friends, in my previous GBP/USD idea, I told you to sell at 1.3061.
If you followed that trade, you have made over 180 pips profits.
Currently, GBP/USD is holding above the 100-day EMA.
So, there's a chance that price can reach 1.30 and even 1.3050 this week.
That being said, post-brexit trade talks and rising Covid cases in the UK
continues to impact the Pound negatively.
So, I would wait for some bullish price action before buying GBP/USD.
If you followed that trade, you have made over 180 pips profits.
So, there's a chance that price can reach 1.30 and even 1.3050 this week.
That being said, post-brexit trade talks and rising Covid cases in the UK
continues to impact the Pound negatively.
So, I would wait for some bullish price action before buying GBP/USD.
