The pound has fallen to its post Brexit support level and where long orders will start to be accumulated as price consolidates promoting a GBP/USD buy signal.
Manufacturing PMI continuing to expand as a good pace and highest level since 2014. These figures confirm that Brexit has a limited effect on UK and not as bad as “some” economist predict. With price at support and good PMI it suggests to go long. However further falls are possible before rising.
I have gone long at 1.28591. and TP at 1.3000. TP zone can change more or less depending on price action at the time. Stop loss should be below the low of the 7th of July.
Any comments please post below. 🙂