ITraderAnalysis
Long

Bullish on Pound Sterling

FX:GBPUSD   Pound Sterling/U.S. Dollar
Price been hold by monthly support at 1.5165 area and have a range bounce of approx 100pips at that zone for a few weeks and reversal from support area occur. Price rally until 1.53800, with several rejection price again fall back to minor support + Fib retracement of 61.8% and a tweezer bottom (H4) appear around 1.52200.

Thus I expect another leg up towards 1.54500 target area, with protective stop loss around 1.50810
Trade closed: target reached
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