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Peet_Serfontein

GBPUSD: heading higher?

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
Peet_Serfontein  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
3
0
trendanalysis chartpattern indicator
The price action is testing the upper range of the declining channel pattern (which is also the 50% Fibonacci retracement level).
A bullish trend is applicable above 1.1125.
Crossing below this level will negate the bullish stance. Remains a risky trade.
Profit target around 1.1765.
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