ScottRyder

GBPUSD Long Stop Entry Order

Long
FX:GBPUSD   British Pound / U.S. Dollar
With strong results in the UK and the US the pound has continued to fall against the dollar as people are more concerned over the Brexit rather than Trump, I believe we are coming out of a downward trend and we will see the GBP break resistance and continue up to either the 0.5 fib or 61.8 fib from the trend at the beginning of the month. I believe 1.243 is a good open order and look to take profit at 1.252 TP1 and 1.256 TP2.

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