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29.05.202011:54 Forex Analysis & Reviews: Trading idea for GBP/USD

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Good afternoon traders! A trading idea for the GBP / USD pair.

The "Price Action" strategy outlines a bearish mood for the GBP / USD pair. So, from a pullback, open long positions according to the plan below:

H1 chart:

Use the round level 1.23 as a reference level for buy positions.

The long scenario will be canceled if the quotes break out from yesterday's absorption.

The target profit-taking levels are: 1.23600, 1.24 and 1.26500.

Good luck!

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