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InvestingScope

GBPUSD: Higher Low on the 4H Channel Up. Long.

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
InvestingScope  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD GBP USD britishpound DJ FXCM Index dollar Forex Currencies currency
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trendanalysis chartpattern indicator gbpusd gbp usd britishpound usdollar dollar forex currencies currency
The pair is close to pricing in a technical Higher Low to the 4H Channel Up (RSI = 52.159, ADX = 18.430, Highs/Lows = 0.0000). The pattern indicates that a Higher High will follow close to 1.30500. However we choose to pursue a more moderate TP = 1.3000, which is practically the previous Higher High, as we don't know if this is a 1D (psychological) Resistance or not.






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