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revelationtrading
Oct 5, 2018 1:38 AM

GbpUsd Daily: Reversal or Consolidation  Long

British Pound/U.S. DollarFXCM

Description

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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