GBPUSD: buy the dip below 1.31

British Pound/U.S. Dollar FX:GBPUSD

GBP/USD has pulled back from Friday’s high, but the outlook still remains bullish , as indicated by the wedge breakout seen in the daily chart . The breakout is backed by 5, 10-day MAs, indicating bullish setup.

Hence, its best to buy dips below 1.30 for target of 1.3224.

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