GBP/USD Breakout Trade

FX:GBPUSD   British Pound / U.S. Dollar
43 0 0
The GBP is at the center of attention today with some important news coming out as well as BoE Governor Carney Speech. The pair looks to be in the process of breaking to the upside, and we're buyers on a breakout, aiming for the 1.6 highs, with a stop just below the 1.5900 handle, making for solid r&r. We'd be following momentum as well on this trade, since it is aimed at being short-term, a significant cool down in momentum could make us exit early.
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