British Pound / U.S. Dollar

Long

Updated

GBPUSD Setup

Details on chart.

Note

GBPUSD kept stop and reversed from 1.40 level..
Broad Range still in process of 1.40 and 1.45..

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Gu holds bullish pattern on small time frame.. and move towards 1.42 and high still possible today.

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Clear break required of 1.4156.. otherwise it will fall back towards 1.406..

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We now have break of resistance.. now lets see how long it sustain above..

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Break of 1.4255 would be extremely bullish with 4hr candle close above it will confirm more upside.

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Daily chart.

snapshot

Note

Stop now at BE. Fall below 1.4155 will make it bearish.

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We have now break of 1.433.. so rise above 1.44 is very likely.

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1.4367 is trendline resistance..

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Closing half of position.. and remaining at BE.

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Possible Head and Shoulder.. just an idea..

snapshot

Related publications

GBPUSD Buy Setup

GBPUSD Range Bound

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