Pound Long

On an intraday basis the Pound is gaining on the Buck , and has found support at 50 period MAV.

Consider a long towards top of channel.


1. Enter - 1.2780 ( near 50 MAV)


2. Target - 1.3080 ( .618 extension)

3. Stop - 1.2645 (near the recent swing low)

4. RR = 2