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ArekJP
Jul 15, 2014 6:38 PM

GBPUSD bouncing from 38.2% Fib - possible long entry Long

British Pound/U.S. DollarFXCM

Description

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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