KENJICHEN

0301-GBPUSD Analysis

Long
FX:GBPUSD   British Pound / U.S. Dollar

GBPUSD
After 4 days rising, Pound finally got correction and close around at 1.3260 yesterday, then Asia mkt try to break low 1.3254 but fail, so it may have chance to bounce to resistance today.

Although, GBPUSD may bounce right now but the position is not really suitable to long, therefore I suggest waiting 1.3235 or the reversal horizon to long.

Meanwhile, 1.3235 and 1.3200 are most important support in Pound, we need to take notice to these price.

In uptrend pattern, remember always stay beside the trend, any correction may be a oppoturnity to get on the train , however, the difference is how u observe the trend and how u plan ur strategy.

Support: 1.3200 / 1.3235

Resistance: 1.3285 / 1.3317

Like if you trade, make Ideas or comments with me :D\u2028
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.