Chartist-Trading

GBPUSD: BUY the breakout and pullbacks

Long
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD broke out from the sideways formation and from the downward channel with Friday's move. The continuation of the move is our favored scenario and we follow it with BUY positions at current levels (1.3250). Stops must be set below 1.3195, targeting 1.3280-85 and 1.3330.
Another way to trade our view is to BUY at current levels adding more at 1.3225-30 setting the stops below 1.3195.
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