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Buygbpusd

GBP/USD Long Setup!Good Morning All, Last week we saw the pound move in a fairly range bound manner, similar to that of the DXY. With the DXY now presenting a sell opportunity you could take advantage of the pound moving to around the 1.32740 level before a more significant reversal. Looking on the 60/240min chart it looks like the cable has completed a bullish flat structure so using your own trading strategies look for bullish setups to ride the pair to the top of the channel formation. Follow for further updates on GBP/USD @BrightForex
Long
by IkeOkeke
Long GBP/USDFundamentals:- We are taking a short term Fundamental view on the GBP/USD -0.64% at the moment. The USD has gone from strength to strength for many months now; every so often it will produce a pull back and some profit taking. The short term data has been a little worse than expected and with the MPC -0.07% changing its interest rate vote recently we could see a continuation of the GBP strength, at least for the short term. Technicals:- As you can see from the 1 hour chart we are hovering around an area where there is plenty of support and resistance levels. The recent push up is a sign of buyers coming back into the market, however at an over bought price on the 1 hour chart and current resistance would suggest a slight pull back in its upward path. Overall a retest of the 13330 on short term sentiment is a strong possibility which I intent to profit from. BUY 13122 STOP 13040 TAKE PROFIT 13340
Long
by FreeForexSignals4u
Long GBP/USDFundamentals:- As the alternative scenario from our original trade plan looks to be playing out we are now looking to trade the GBP/USD as a long position. The retail sales figures as expected where better than previous but no real shock to the market. This means that the GBP could still be adding value based on the rising wage forecast tomorrow. Technicals:- After the break above 14300 I am now looking for a pull back to that area for a buy entry. targeting the next resistance level. Get the full analysis entry levels, stop loss and take profit on the my main website boafx
Long
by FreeForexSignals4u