JFD_Research

GBPUSD - 240 - Short-term idea.

FX_IDC:GBPUSD   British Pound / U.S. Dollar
Trade Alert

This is just a short-term idea.

If the 1.3170 zone holds and does not allow the pair to continue rising, stay sharp, as we could see a bit of correction coming in. A break below the 1.3120 could potentially confirm that idea.

For us to start examining the upside again, we would need to see a break and a close above the 1.3215 level, this way more bulls could jump in and drive GBPUSD higher, towards the next potential area of resistance at 1.3295.

Don't forget your SL.
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