GBPUSD

GBPUSD is possibly pricing in a pull-back to the 1.2150 level due to US Dollar weakness, and bullish market sentiment due to improvements in the Ukraine-Russia war and decreases in commodity prices due to slowing global economic activity, especially in China.

Entry: any where above the stop

Key level: observe trading @1.1800 - that is, increase the position if GBPUSD trades above 1.18. However, liquidate the position if it does not penetrate this level.

Target Price: 1.2150