GBPUSD – Flat
GBPUSD is on an upward trend. On the way up. Price retraced at a support zone 1.3330-1.3713twice before moving up making it a key support zone. Currently price is within the zone and I expect a rejection of it within it for bullish movements of GBP towards the resistance line 1.4701 and a breakout above it for a further rise in price.Im looking to buy GBP now with my take profit at the resistance line 1.4701 and stop loss below 1.3713.In case of a breakout above 1.4701 remain long with GBP.If price goes below 1.3330-1.3713 with a big red candle, sell GBP after the second retracement to the zone.
Buy GBP now with your take profit at 1.4701 and stop loss below 1.3713.
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