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peterbokma

GBPUSD - BUY strategy

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
peterbokma  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis gbpusdlong
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trendanalysis gbpusdlong
The GBPUSD looks having tendency gowing lower, however the EOM and MA are positive, and as mentioned earlier trade idea, the US dollar index suggest we will see USD weaker USD short-term.

Buy current GBPUSD 1.3435 and place stop-loss below 1.3395, and re-enter 1.3316 with stop below 1.3287.
The objective is expected 1.3650.
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