GBPUSD: NEUTRAL OUTLOOK WITH BUYING POTENTIAL
Updated
Since finding support around 1.2690 the Pound has managed to retrace ~350 pips and is now sitting right below the 1.300 handle, which was formerly support now turned resistance. Depending on today's close, we might be entering into a range as the Dollar continues to give ground against the other majors. For now, I'll be watching and waiting for a signal from my system to initiate a long entry or a short if price action breaks down below the pullback trendline.
Trade active
I have been long this pair since 09.12 @1.29924. Currently up ~210 pips
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