Despite of important releasing news in the USA later today, we see a very profitable long position for GBPUSD at 1.24400 and did enter it already.
There are some price zones, in which GBPUSD have been mostly trading around and so those zones build up a good demand zone for GBPUSD, in which a gain in more values can happen at any time now.
On the other hand, it can also be decreased in values, if there would be negative outcomes for cable. Anyway we have not recognized such kind of negative outcomes in its price action.
So take your look at the depicted chart for more info.
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