Long positions only ideal upon a breakout above 1.3044
Long positions only ideal upon a breakout above 1.3044 | 23 May 2017
23 May 2017, GBP/USD
Technical Observation
GBP continues to rally within the rising channel and yet to breakout above the resistance line 1.3044. While still within this channel, trading reversals seems ideal, however, a breakout above 1.3044 will call for breakout trading towards 1.3489. On the 4 Hour chart above, following the rejection from 1.3044, I expect a bearish move towards the lower trend line.
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .