I was waiting to see how GBPUSD was moving in the previous days before posting this setup. I expect a major correction on the cable, but probably we are going a bit higher now. My personal plan (don't follow me, it's risky) is to long now with a tight stop at 1.2795, target the local highs at 1.284 and wait for a reversal setup. Powell speech today, and this could give us a fake pump. I expect a retracement till the 1.2700 area, that is a strong daily supply zone and here i will open a strong buy position
Chart PatternsGBPUSDgbpusdlonggbpusdshortTrend AnalysisWave Analysis

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