Forex Technical Analysis: Trend potential – We’re buyers with our take profit at 1.34.

GBPUSD – Flat

We’re buyers with our take profit at 1.34.

Technical Observation:

Just as EURUSD, GBPUSD rose tremendously last week and is still showing signs of rising even further. While the price is contained above the trend indicator attached, we expect further momentum to the upperside with the next ideal target being 1.341. On its way upwards, the best places to look for possible reversals include 1.3000, 1.3142 and 1.32141. If these levels are broken, then a move towards the target mentioned above is likely.
Trade Recommendations:
We’re buyers with our take profit at 1.34.

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