GBPUSD (1.4708)

It seems that GBPUSD might look to take a dip and traders will hope to get it just above 1.4800 level for a intra-day trade towards 1.4700 level. Keeping the current scenario in view, I don’t expect GBPUSD breaking into any side during this week. The same psychology will be affecting clients at the moment and therefore they will be more focused in short term trades.

  

TRADE:

Sell GBPUSD @ 1.4805 for Profit Level @ 1.4705 with Stop @ 1.4845