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bobbysto18
May 11, 2018 11:31 AM

Long for GBP/USD Long

British Pound/U.S. DollarFXCM

Description

Strong historical horizontal support @ 1.34407 (.618 fib) which looks like we have just bounced at.
I would wait for confirmation of the bounce (close of Monday next week ideally) but looks like pair has a nice few weeks of bullishness ahead.

Following the fib back on the way up I suspect 1.38560 & 1.48350 to be our next areas of strong resistance. The pink lines serve as areas to looks out for where he have had resistance in the past.
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