KENJICHEN

0227-GBPUSD Analysis

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

GBPUSD
Pound goes pretty well as I mentioned recent analysis.
As the Brexit vote postpone and the uncertainty become clear and define, then GBPUSD soaring to breakout the resistance and create new high level to 1.3285.

Certainly, uptrend of pound is the fact, but in daily trading we should be more careful about the bull trap, which may cause the correction after rising new high.

Therefore, I recommend waiting good price or the specific time to long is the better way to trade in Wednesday.

Buy limit around at 1.3215 first and observe the dynamic condition in Euro trading time for second strategy.

Support: 1.3200 / 1.3246

Resistance: 1.3285

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