GBPUSD at Breakout
Updated
Based on 04 hours TF, after break of previous high level, GBPSUD make new high of 1.28484$.
From new highs level, we see a good profit booking from 1.28500 level nd make a new Resistance Line from Lower swing high.
Now we see a good bounce from 1.260 level, which act a strong support.
And now we see that GBPUSD Try to break It's resistance line, If it sustain above Resistance line than we can see GBPUSD to previous high level and also probability of new high level.
From new highs level, we see a good profit booking from 1.28500 level nd make a new Resistance Line from Lower swing high.
Now we see a good bounce from 1.260 level, which act a strong support.
And now we see that GBPUSD Try to break It's resistance line, If it sustain above Resistance line than we can see GBPUSD to previous high level and also probability of new high level.
Note
As we predict that if GBPUSD sustain above resistance line, it can test Previous high....this happend.....GBPUSD reverse from previous high.....
Trade closed: target reached
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