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ProtraderFaisal

GBPUSD wait for the breakout else short

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
ProtraderFaisal Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis
1
0
trendanalysis
GBPUSD most probable two scenarios are there on the charts.
Wait for the breakout and retest, breakout level of falling wedge is 1.38300 and have long positions for the target of 1.3990 and 1.42478

If it faces pressure you can open short positions for the target 1.3406 and 1.32630 (SL: 1.38400)

Biased: LH and LL trend, short position could be opened with strict SL.
Comment:
All Targets achieved
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