GBPUSD to see extended gains!
GBPUSD - Intraday - We Bought a break of 1.3005
Prices have reacted from 1.2911.
This has resulted in a large symmetrical triangle formation being posted on the intraday chart.
The trend of lower lows is located at 1.3025.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 1.3005, which will confirm the bullish sentiment.
Our profit targets will be 1.3210 and 1.3483
Resistance: 1.3082 / 1.3185 / 1.3483
Support: 1.2675 / 1.2447 / 1.2210
Prices have reacted from 1.2911.
This has resulted in a large symmetrical triangle formation being posted on the intraday chart.
The trend of lower lows is located at 1.3025.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 1.3005, which will confirm the bullish sentiment.
Our profit targets will be 1.3210 and 1.3483
Resistance: 1.3082 / 1.3185 / 1.3483
Support: 1.2675 / 1.2447 / 1.2210
Trade active:
Trade active with a entry of 1.3005
Trade closed: target reached:
Closed intraday at 1.3140
