GBPUSD is in an uptrend and might have just finished the retracement
Most likely scenario: GBPUSD could bounce up from 1.29 and make newer highs
Look for positions with targets at 1.293 and 1.295
Alternative scenario: GBPUSD has not finished the retracement yet and will continue going down
In that case look for positions with targets at 1.288 and 1.285
Most likely scenario: GBPUSD could bounce up from 1.29 and make newer highs
Look for positions with targets at 1.293 and 1.295
Alternative scenario: GBPUSD has not finished the retracement yet and will continue going down
In that case look for positions with targets at 1.288 and 1.285