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BambooGrowth
Sep 4, 2016 9:51 PM

GBPUSD - Weekly forecast Long

British Pound/U.S. DollarFXCM

Description

GbpUsd formed a Triangle pattern and with the technical break that happened last week and we will be looking for a pullback to offer long entries with near term support between 1.3200 - 1.3150.

Watch this week for any buy price action signals to trade inline with the triangle breakout to target next resistance at 1.3485/500. GbpUsd outlook remains constructive while above 1.3050, and only a daily close below that level will negate our bullish view on GbpUsd.
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