GBPUSD ---> Potential buy, but not yet:

Good day, dear investors and colleagues traders!

Your attention a technical analysis of the currency pair #Gbpusd:

*Commentary last week:

The extremely difficult situation surrounding trade negotiations between the UK and the EU plays an extremely bad joke on the currency of foggy Albion. Indeed, a currency pair cannot use macroeconomic data for growth. These data have noticeably worsened.
Because of this currency, they lost as much as -2.2%.

*Technical comment:

The pair out of the upward range.
The price range is 303 points, which is slightly more than the usual amplitude.

Support levels for the current week:
- 1.2780;
- 1.2680;

Resistance levels for the current week:
- 1.3083;
- 1.3284;

*Orders and positions:

We expect prices to be open for long positions. Our valuation system demonstrates that the currency abroad is a potential buyer.

We will expect final consolidation and upon confirmation of all factors we will open a long position.

Regards to subscribers,
Wermelgion & Investment Partners LLC

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