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FxWirePro
Feb 19, 2016 6:12 AM

GBP/USD: Buy above break out  Long

British Pound/U.S. DollarFXCM

Description

Minor resistance – 1.4350 (trend line joining 1.45156 and 1.43937)

Minor support - 1.4300

The pair has made a high of 1.43937 and declined from that level. It is currently trading around 1.4339.

On the higher side any break above 1.4350 will take the pair till 1.4420/1.4485.

Any break below 1.4300 will drag the pair to next level 1.4240/1.4180.

It is good to buy above 1.43500 with SL around 1.4300 for the TP of 1.4415/1.4480
Comments
Amina66
Nice setup!! Waiting for breakout..
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