GBPUSD Long Idea Long

British Pound/U.S. DollarFXCM

Description

⋅ Jul 24, 2015 11:08 AM

Long at the 382 retracement and trend line 1.5411
We are in a medium term (3 month) uptrend as you can see from lower lows on 4hr and daily charts.
BOE still hawkish on rates
Stop = 100 pips which is just below the recent low
TP = upper channel