British Pound / U.S. DollarUpdated GBP/USD deep correction
We could end up going for a deep correction to 1.25 levels if the red line crosses the blue line (see arrow). Overall trend is now switched to bullish on weekly and monthly. 1.25-1.27 are levels to buy for target 1.3050 (med term target).
Note
Long term target would be 1.33
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.