MEX_Exchange
Long

GBPUSD has broke major resistance, time to go long

FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD             has broken major resistance and is lining up perfectly for a strong rally.

Buy above 1.3923. Stop loss at 1.3864. Take profit at 1.4068.
Reason for the trading strategy (technically):
Price has broken major descending resistance-turned-support line and looks poised to rally from here. We look to buy above major support at 1.3923 ( Fibonacci retracement , horizontal overlap support, bullish Ichimoku cloud ) for a push up to at least 1.4068 resistance ( Fibonacci retracement , horizontal swing high resistance).
RSI (55) has made a similar bullish exit signalling that we’re really seeing a shift in momentum.
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