FX.co ★ Trading tips for GBP/USD

Despite the political crisis in the UK, at which Liz Truss' leadership appears to be nearing collapse after she sacked one minister over security breaches and two others were heard to resign over consequences of a chaotic parliamentary vote, the upside potential of GBP/USD remains as the three-wave pattern (ABC) formed by the recent price movements is likely to end as soon as the quotes go beyond wave A.

To date, the pair is in a range and special attention should be paid to bullish signals.

Take a closer look at the signals formed in the indicated pullback zones.

This trading idea is based on the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.