Buy with sl of 1800 closing basis for target of 1950-1965 region ! Be careful as this is the terminal thrust for the current trend.
The sideways price action suggest that the stock prices are into a correction & once the corrective price movement completes the rally should resume to the upside again. One should invest in the stock following buy on dips strategy till 1350 levels maintaining a sl of 1200 for targets of 1800 /2000 into coming months.
Pair has made a bearish sequence of 1-2 ...and we are looking for a aggressive downside third wave movement. Sell on rise with SL of 1.38340 for a target area of 1.34900.
SELL GBPUSD for the target of 1.34500 & 1.3200 with SL of 1.37250