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Chartist-Trading
Nov 30, 2021 8:04 AM

GBPUSD: Setup for a breakout? Long

British Pound/U.S. DollarFXCM

Description

GBPUSD continues to form a sideways formation at the lows. We believe that a breakout of the formation is in the making.
We BUY some more at current levels(1.3330). We set our stops at 1.3298 and our targets open

Comment

The 1.3360-70 area offers an opportunity to take partial profits as it is a strong resistance. We transfer our stops at BE or below today's swing low and we are waiting the breakout...
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