gbpusdTrading Outlook

GBPUSD: DAILY TRADING LEVELS/FORECAST

Little bit Pull back coming to an end!

We have witnessed a little bit pul back of this pair on yesterday’s trading. This is possibly due to the data came out from the US side which was in a softer tone.

However, we are expecting pullback is about to end which could be a good buying entry catalyst.

Preference!

Our view is buying this pair @1.2935 for the target of 1.2974 whereas the stop loss could be appropriate around. 1.2919

Alternative Scenario!

Break below of 1.2919 could pave the way towards. 1.2890 as the next support level.