Weak dollar pushing pound to above 1.29 handle
Technically, GBPUSD holding abv 1.28 handle strongl and heading for 1.29 and sustain abv can test 1.32. Intraday perspective h4 chart holding above 50ma at 1.2822 and h1 200ma at 1.2822 saying 1.2820 a strong support for the day. One can build a buy positions for the upside target 1.2920 yesterday high also a 136ma too in h4, followed by 200ma at 1.3045 h4 timeframe. Overall buy on dips is advised for the day.
Suggestion: BUY GBPUSD FROM CMP 1.2855 SL BELOW 1.2800 TGT 1.2920/2950
ELSE SELL BELOW 1.2800 FOR 1.2755/2730 SL ABV 1.2830
Suggestion: BUY GBPUSD FROM CMP 1.2855 SL BELOW 1.2800 TGT 1.2920/2950
ELSE SELL BELOW 1.2800 FOR 1.2755/2730 SL ABV 1.2830
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