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Signal_Centre1
Oct 21, 2020 12:51 PM

GBPUSD to see extended gains! Long

British Pound/U.S. DollarFXCM

Description

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

Trade active

Trade active with a entry of 1.3005

Trade closed: target reached

Closed intraday at 1.3140
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