FX:GBPUSD   British Pound/U.S. Dollar
49 1 2
As discussed in the crude oil             post ,
Bottom pattern on Crude Oil
, sterling have fundamental support for a bounce.

From the technical perspective, it broke descending trendline and it´s builiding higher lows. I favour countertrend longs with adjusted stop below 1.4850 on a daily close .

Comments & feedback are welcome
http://www.realisto.net
You can subscribe to my mailing list for FX Alerts : http://eepurl.com/bp_sgP
Webinars & One-to-One Training available, pay per minute
UPDATE : Trade was stopped out . Today pair is boucing, so it could be a matter of stop hunting. If it closes today above 1.4850 I will re-attempt longs
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out