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Long

GBPUSD HUGE Upside Potential

FX:GBPUSD   British Pound/U.S. Dollar
I have entered into a long position with this pair once it broke above 1.53443 and intend on viewing this trade as some what of a longer term investment. As all previous levels of resistance have been broken along with a major trend line , I see upside potential to at least the short term resistance level of 1.55288. At this time I will close my position and wait... Here there is no telling exactly what the price action will do, however if it does in fact break above 1.56078 I see huge upside potential.
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