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revelationtrading

GbpUsd Daily: Reversal or Consolidation

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
revelationtrading Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Currencies GBPUSD reversalpoint
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trendanalysis chartpattern currencies gbpusd reversalpoint
The Gbpusd is an interesting pair that has bucked the trend against the dollar. With AUDUSD, NZDUSD, EURUSD in obvious downtrends, the GbpUsd cleared out many stops at 1.3025 in yesterday's intraday session after making a new low at 1.2930. RT is of the view that there will be even more GBP Strength if 1.3045 is taken out by the bulls today.
Trade active:
2 targets that Revelation Trading is looking at now that GU has broken up
a. 1.3158
b.1.3210
Comment:
a. 1st target hit
Trade closed: target reached:
2nd target hit.
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