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KaltoireCapital

GBP/USD Resistance broken or a fake breakout?

British Pound / U.S. Dollar (FX:GBPUSD)  
KaltoireCapital  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns GBPUSD gbpusdlong gbpusdsignal gbpusdanalysis gbpusdidea
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trendanalysis chartpattern gbpusd gbpusdlong gbpusdsignal gbpusdanalysis gbpusdidea
As I was expecting for the last two weeks, GBP/USD has reached the Bullish Target at 1.2650. But, on the daily chart, the break of this resistance zone doesn't look convincing. I still believe that bulls have a good chance of breaking this resistance clearly but fresh buyers need to wait to validate this breakout.

So, if GBP/USD can close above 1.27 on Monday, bulls can buy and target 1.30 next.

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