GBP is showing signs of stabilisation after Jeremy Hunt was appointed as Chancellor of the Exchequer. The reversal of policies is bringing some calm to the market and once the medium-term fiscal plan is released today, we should see some upward momentum.
We are looking to make entries from the retracement of level 1.53803. The 1 TP level is at 1.60193 which will net 633 pips on trade completion.
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