BombayBulls
Long

GBP/USD Trade Idea - 4/13/2016

FX:GBPUSD   British Pound/U.S. Dollar
28 0 2
British pound is untouchable until it reaches proper levels. Try to trade it in between and you are surely going to get burn. Today's level from buy side is 1.4140 / 50. Of course first hurdle is 1.4200 so let's focus on it first and then 50 pips below. Keep in mind that 1.42 trade can be quick few pips trade or can hold for bigger jump. Depending upon the price action and initial bounce, we will decide to keep it or get few pips and run.Let's see how that works out.
Comment: We have got enough pips - (80 with 2 trips) - trading 1.4200 support yesterday and today's picture doesn't look right so abandoning 1.4140 long here.
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