GBPUSD – Flat
Yesterday at 2000hrs GBPUSD broke above a key resistance zone (1.4045-1.4023), price then tried going up but was pulled back to the zone and got rejected then went up. Currently price is still rallying above the zone and I expect a pull back and a possible rejection of it at or around the zone to enter long positions. If you had not bought the pair then my advice, is wait for the correction to the zone then buy GBP with your first take profit at 1.4261 and the next at 1.4342 and your stop loss.4023) around 1.3970.Short positions can only be recommended after a breakout below (1.4045-1.4023) towards 1.3833.
Wait for a correction to (1.4045-1.4023) then buy GBP with your first take profit at 1.4261 and the next at 1.4342 and your stop loss.4023) around 1.3970.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.