GBPUSD is undervalue right now.
Price is near the 1.145 the strong support level from Mars 8 2020
FED hawkish policy forced on GPB but the DXY over-bought level and this cheap level for GBP makes a good risk reward ratio to make some risk to trade against the pair fundamental bias.
Take your buy around 1.13430 and use at least 1/2 risk reward
good luck
Price is near the 1.145 the strong support level from Mars 8 2020
FED hawkish policy forced on GPB but the DXY over-bought level and this cheap level for GBP makes a good risk reward ratio to make some risk to trade against the pair fundamental bias.
Take your buy around 1.13430 and use at least 1/2 risk reward
good luck
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.