The Forex Mechanics are temporarily buying GBPusd. As you can see on the Chart below we are already over 100 Pips since 12th Dec, 2018.
We saw a Hammer formed on the Weekly Time Frame right at the support Level .
And at that point the Candle formed another Bullish Engulfing Pattern on Daily Time Frame . That gave us the confirmation to go immediately go long and this we did .
We hope the price will get to 1.27082 which is the next Resistance Level on Daily Time Frame.
All things being equal we hope to get back to you as soon as possible for further analysis on this pair
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