Hello dear friends! GBPUSD is showing signs of recovery this Monday, bouncing back after a significant drop at the end of last week. The recovery started when it touched the Trendline, although the overall trend is still bearish due to the momentum the US Dollar (USD) has gained from Wall Street activities, despite the declining interest rates that have reinforced the potential recovery of this currency pair.
In the short term, I lean towards a buying strategy, aiming for the resistance level at 1.267. What about you? Do you think now is a good time to buy?