0506-GBPUSD Analysis Long
British Pound/U.S. DollarFXCM
Description
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GBPUSD
Pound encouraged by dollar long position offset pressure and breakout the downward trend line around at 1.31 level.
It gave chance to challenge 1.32 level and take back the losses that was made in April.
However, if GBPUSD want to reverse the weakness it should at least stand above 1.32, which is a pivot point to uptrend.
For today's trading, I recommend do long position around at 1.3092 or do partial first right.
Support: 1.3200 / 1.3090
Resistance: 1.3144 / 1.3175