GBPUSD Setup

Details on chart.

Comment:

GBPUSD kept stop and reversed from 1.40 level..
Broad Range still in process of 1.40 and 1.45..

Comment:

Gu holds bullish pattern on small time frame.. and move towards 1.42 and high still possible today.

Comment:

Clear break required of 1.4156.. otherwise it will fall back towards 1.406..

Comment:

We now have break of resistance.. now lets see how long it sustain above..

Comment:

Break of 1.4255 would be extremely bullish with 4hr candle close above it will confirm more upside.

Comment:

Daily chart.

Comment:

Stop now at BE. Fall below 1.4155 will make it bearish.

Comment:

We have now break of 1.433.. so rise above 1.44 is very likely.

Comment:

1.4367 is trendline resistance..

Comment:

Closing half of position.. and remaining at BE.

Comment:

Possible Head and Shoulder.. just an idea..