ForexTrendline

GBPUSD Breakthrough or repulsion?

FX_IDC:GBPUSD   British Pound / U.S. Dollar
GBPUSD is again moving to 1.2650. But will it be able to get through it this time?

For now, this looks like the more likely scenario!

USD weakened everywhere, we have a good H4 momentum.

It is important to note that today at 12:30 GMT we expect news about NFP, which will clear up this situation.

In case of a breakout we expect the price to reach 1.2750 and 1.2829.
If it fails, we will see 1.2502 and 1.2420 again.

We recommend that the entry be made only in case of a break of 1.2650!

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