GBPUSD - Potential Buy Set Up

GBPUSD has touched upon the trend line multiple times before actually breaking through. It has now retested the line so by setting a pending order for around 1.17107. By hitting this level it would reassure about the buying pressure for the breakthrough. Setting a stop loss below the lowest low and aiming for a 1.5 risk reward ratio.

All of this price action paired with the curling stock-rsi indicator and the analysis of Boris's bailout plan for UK businesses should hopefully see a return to the upside for this pair.

Just my thoughts. Doesn't constitute investment advice.