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Daniel_Thompson

GBPUSD Long

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
Daniel_Thompson  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns
4
0
trendanalysis harmonicpatterns chartpattern
GBP/USD Intraday: further advance.

Pivot:
1.3895

Our preference:
Long positions above 1.3895 with targets at 1.3950 & 1.3985 in extension.

Alternative scenario:
Below 1.3895 look for further downside with 1.3875 & 1.3860 as targets.

Comment:
The break above the resistance at 1.3895 triggered an upward acceleration to 1.3950.
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