JordanWillson

GBPUSD H4 *Long Opportunity*

Long
FX:GBPUSD   British Pound / U.S. Dollar
We currently have price action of 1.32141 sitting very tightly under a resistance of 1.32154. After a strong show from the bears on Friday pushing the price down to 38.20 Fib level the bulls quickly recovered back up to the 1.32 area, closing Friday on another green candle to where we are now. I do believe the sentiment of the Pound is still long, with the bulls showing their power still so it would be nice to see the price taken to at least 1.3260 area and back to a full retrace. Also meeting the 4 hourly trendline, which may present another opportunity to catch a short on the way down. I will need a confirmation of a break of the 1.32 resistance before making any decisions, will be watching market open this evening and into the Asia session.

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