KENJICHEN

0412-GBPUSD Analysis

Long
FX:GBPUSD   British Pound / U.S. Dollar

GBPUSD
GBPUSD rising hardly in Euro market and break trend-line pressure with little retracement. As we can see, it is fourth time to test resistance at 1.3120, if GBPUSD can breakout the line may have huge momentum to push up.

Therefore, we should better consider long Pound in US market, the price around 1.3100 will be a good level too long.

Support: 1.3094 / 1.3075
Resistance: 1.3120 / 1.3148
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