Trading Outlook

GBPUSD: DAILY OUTLOOK/TRADING LEVELS.

Chancler’s resignation!

The British pound has taken advantages throughout the last week particularly took an upswing amid resignation of UK’S chancellor Sajid Javid which could a blow for Pm Johnsons as Mr. Javid was the key figure of finance and was also going to announce budget,

Keeping in view this fundamental we are in view of buying the pair. we are looking for good buying entry and possibly buying from the dip may be the strategy for the week.

Preference!

Our view is to buy the pair @1.2941 for the target of 1.3248/1.33678. for the stop loss of 1.2825

Alternative Scenario!

Break below 1.2825 would open the way of 1.272432