GBPUSD – Close to resistance. Scope for a correction lower to bu Long
British Pound/U.S. DollarFXCM
Description
⋅ FX:GBPUSD
FOREXCOM:GBPUSD
SAXO:GBPUSD
Trade idea – GBPUSD – Close to resistance. Scope for a correction lower to buy into
Monthy – Bullish wedge formation
Weekly – Possible ‘Outside Week’
Daily – Bullish Morning Star
4H – Close to resistance and DeMark 13. Scope for a correction lower
We look to buy at 1.2580 target 1.2745 stop 1.2580
Caution - UK Figures could send the pair even lower
Good luck!