GBPUSD: LONG TERM BUY OPPORTUNITY

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Paun British / Dolar A.S. (FX:GBPUSD)

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FX:GBPUSD Paun British / Dolar A.S.

GBPUSD formed a double bottom and is testing a resistance on the weekly time frame and a supply zone is not very far from here. Two dynamic resistances are also very close as resistance. If the pair breaks out of all these, tremendous buy opportunity will be presented with 1.42 as the most aggressive targets and 1.32 as the most conservative. Its better to wait for the price to flip the supply zone in play now and the two dynamic resistance: 1W MA 100 and 1W MA 200 before looking for a long term buy opportunity

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