GBPUSD – Flat
Gbp is currently trading around 1.3860. This is a key weekly support line and unless it is broken to the lower side with a big red candle, I expect a momentum to the upper side with my take profit at 1.4640. On the way upwards, the key lines to look for include 1.4160, 1.4370 and 1.4640. On the other side, should the price break below 1.3860, then I expect a decline towards 1.3530 or even lower. As it is, I choose to focus only on buy position unless price close below 1.3860.
Rebuy gbp around 1.3860 towards 1.4640.
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