KENJICHEN

0403-GBPUSD Analysis

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

GBPUSD
Pound as I mentioned in previous idea, it create two feet pattern and rise to challenge 1.32 level.

In today's view, ADP won't give too much pressure to pound, however, GBPUSD just confirmed W shape pattern and may soar to test resistance area or more.

So, long position is the better choice for us, long GBPUSD and target at downward trend-line.

Support: 1.3420 / 1.3443
Resistance: 1.3210 / 1.3230
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