Elliot_Myers
Long

GBPUSD Wedge formation broken + pay rolls = buy?

FX:GBPUSD   British Pound/U.S. Dollar
As can be seen price has broken out of the wedge formation. What usually happens now is a deep retracement back into the wedge and a spike back out continuing the upwards trend towards a re-test of previous highs.

The farms rolls tomorrow are historically the worst and this should give a perfect opportunity for bulls to carry price higher.

See below for a double entry trade with a short and longer term target at historic structural resistance levels.
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