ArekJP

GBPUSD bouncing from 38.2% Fib - possible long entry

Long
FX:GBPUSD   British Pound / U.S. Dollar
Nice move up today on better than expected data, was able to catch part of move. Retracement to 38.2 Fib area possible good entry for long position with target around 1.7200/20 (possibly taking some profits on way to target - closely watch 1.72 resistance) - SL 1.7130 - 1.7115.
Expecting continuation of move up based on strong fundamentals.
Good luck!

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