KENJICHEN

0319-GBPUSD Analysis

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

GBPUSD
Pound successfully got support in uptrend trendline yesterday as our short position closed out.

In overview GBPUSD recent trend, it is still in a good uptrend channel, however, 1.3200 had been experiences three days confirm for it effective.

Therefore, I recommend long pound at reversal horizon or around at 1.3242, if Euro trading time won't have too much retrace below 1.3242 that will be a positive signal to GBPUSD.

Support: 1.3220 / 1.3242

Resistance: 1.3300 / 1.3363
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