hope.bleecker

Waiting for Pound to Pullback @139.22 -1.39

hope.bleecker Updated   
FX:GBPUSD   British Pound / U.S. Dollar
I am waiting for pound to pull to the back side of the downtrendline at 139.22 in order to buy back up into resistance at 14110. I caught some good scalps this morning on the longs and am thinking we may see some continued buying tomorrow. For now, pound has exceeded it's daily ADR- hence my reason for closing longs earlier today. If we can get selling action back into support I will rebuy it from that range into 141 with the stop below 139. Thanks!
Trade closed manually:
Reversal in play on this one. looks as if we will find support here or lower.

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