DBlackSean

Breakout above 1.23

Long
FX:GBPUSD   British Pound / U.S. Dollar
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The pair hit the 1.23 twice, however the retracement wasn't hard enough. The pair is gaining momentum, shown by the increase in the bb width , furthermore the pair seems to be trending higer, therefore I think there's a high likelihood of a breakout.
Furthermore the 10 SMA crossover with the 100 SMA , signalling a change in momentum.
Chance to go long whenever the pair hits the support line.
I went long at 1.22524

Stops at 1.22473

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