ForexTrendline

Another possibility for a breakout on GBPUSD

Long
FX_IDC:GBPUSD   British Pound / U.S. Dollar
GBPUSD is currently in an uptrend reaching the 1,4167 a few days ago.

This is a serious resistance for price and that's why we saw a correction.
Now it looks like there will be another try for a breakout.

As of right now we could look for entries with the idea for a retest of resistance,
and then we will follow price action to see if it will actually breakout.

The weak USD expectations confirm the possibility of a breakout.

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