JeffKip
Long

TECHNICAL GBPUSD LONG

FX:GBPUSD   British Pound/U.S. Dollar
164 0 4
  • Pair is breaking out of the temporary correction after finding support at the 50.0% Fib of Wave C to D at around 1.5900. (wave labels are arbitrary in this case).
  • Further upside expected, especially on reduced Brexit fears.
  • Risk-on theme will also keep the GBP supported.

Target and Stops on chart.
Comment: Half of position profits booked at 1.4700.
Trade closed: stop reached
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