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peterbokma

GBPUSD-BUY strategy Daily chart

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
peterbokma  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
2
0
trendanalysis chartpattern indicator
The overall picture suggest the pair may go 1.2395 area, however, short-term we may get a pullback towards 1.2730. The stochastic is low and RSI is NEGATIVE and not very low.

I feel we may attempt to BUY @ 1.2557 and place stop-loss below 1.2477 and take profit @ 1.2717. For longer play SELL @ 1.2720-1.2750 area and place stop-loss above 1.2945 and take profit @ 1.2467.
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