KENJICHEN

0416-GBPUSD Analysis

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

GBPUSD
Pound may enhance by British unemployment rate release after Euro market opened, thus I recommend do long position for GBPUSD.

In H1 chart we can see GBPUSD is experiencing a consolidate triangle pattern during these days, and also try to breakout 1.3119 for expending 5 trading days, moreover, the more the challenge was made the more probability would break.

In other way, u may waiting the patten to breakout for clear direction if you are conservative trader.

Support: 1.3076 / 1.3058
Resistance: 1.3119 / 1.3148
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