Jan 21 2019

GBPUSD Trade idea

GBPUSD- In this hourly chart, We see price is currently standing on 200 MVA which is earlier acted as a strong support. Relative Strength Index is moving upside after touching oversold territory. Stochastic is also near to its oversold zone.

Our Preference- Buy at 1.2850

Target- 1.2920

Stop loss- 1.2815