GBPUSD

A lot of stigma around the British Pound at the moment with everyone talking endlessly about Brexit and how bad it will impact Great Britain. How good or bad it will be nobody knows, what I do like to do though is buy undervalued or oversold securities, GBPUSD being one of those.

We have seen some consolidation in this pair for months now and I feel GBPUSD will be making a breakout to the upside in the next several months.

Feel free to place stops below the 1.2000 area if you are willing to trade this for the longer term.