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ForexDailyUpdate
Jul 10, 2016 4:04 PM

GBPUSD: Waiting for Breakout 

FX:GBPUSD60
British Pound/U.S. DollarFXCM

Description

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Traders!

We're looking at a breakout during this consolidation period on GBPUSD.

Currently we're looking to retest the hourly support, watch for the breakout. If we bounce off the support we're looking to retest the resistance level and watch for a breakout.

Will keep everyone updated on the progression.

Please see this video for details: youtu.be/oW7pI8-eTxw

Happy Trading!

Comment

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Getting squeezed into a corner, watch for the breakout!
@mydailyforexGBPUSDgbpusdbreakout
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