Upside potential on GBPUSD.

FX:GBPUSD   British Pound / U.S. Dollar
First big lot trading has been some time. I'd say the odds are 70/30.

Forex is risky, beware of consequences if you trade on other people's ideas.
Hi there, I would wait a bit before going long. Here's my post and graph.
Ice_ IanMFX
Sadly I already closed the position. I disliked that price squeeze.
GBPUSD has been touching 1.567 eight times, two times were a brief break and then a pullback. I still think my short is valid although today will probably be the last day to keep it open.

I disagree with your sharp trend you drew inside the channel. It has been pretty range bound the past week so I don't think it will follow an up trajectory. That being said there is some data coming out today so it might change.

asiansupermarket asiansupermarket
and heres with new data

asiansupermarket asiansupermarket

Ice_ asiansupermarket
Yeah, it's going down now. It'd wait for the bulls buy the dip, so I'm no hurry. My stop and risk is measured.
Ice_ asiansupermarket
The price squeeze made me get out. Didn't like it. 15 pips profit
yep my trail got hit before the big push up.
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