GBPUSD looking to target 1.4885

GBPUSD (1.4732)

GBPUSD is looking to target 1.4880 at the moment and that will complete long term retracement for GBPUSD. 1.4880 level will also be important because GBPUSD might resume downward trend from there and in case GBPUSD manages to break that level then we will be looking at GBPUSD heading above 1.5000 level. Currently traders will look to buy GBPUSD around 1.4675 level for nice intra-day trade.

  

TRADE:

Buy GBPUSD @ 1.4675 for Profit Level @ 1.4850 with Stop @ 1.4625