As we all know BREXIT created a bit of a pressure on British Pound initially. Though the positive economic data helped the currency to retrace its losses (i.e. GBPUSD)
Looking at the GBPTRY, the pair has been trading in between 4.57 – 4.59 for a while. We believe the pair is preparing for another rally and the current price of 4.58 is a safe spot to open a long position. Our target price is 4.63 – 4.64 level.
This cannot be considered an investment advice!!