olly48

GBP/USD Consolidating

Long
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Very strong resistance was broken at 134.5 level. Since breaking this level it has touched it twice and found support. If the Dollars short term strength continues in the coming days this support will offer a good long entry. There may be some resistance at 1.38 so it could be worth taking profit there or wait for 1. 40 for a longer term target.