GBPUSD is trading in downtrend and has reached to strong daily support level where the buyers are showing some buying interest .
As the pair has not much retraced 1.3440 to 1.2500, a major retracement is due, which may lead the pair 1.3000 level, which is also the 50% Fib level of this down trend .
In either cases GBP is looking strong for buying with good risk to reward.
As the pair has not much retraced 1.3440 to 1.2500, a major retracement is due, which may lead the pair 1.3000 level, which is also the 50% Fib level of this down trend .
In either cases GBP is looking strong for buying with good risk to reward.
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