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jasperlawler

GBPUSD: Double bottom at 1.27

Long
British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
jasperlawler  
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Support and Resistance Multiple Time Frame Analysis GBPUSD cable cablelong GBP sterling sterlingdollar
4
0
trendanalysis supportandresistance mtfa gbpusd cable cablelong gbp sterling sterlingdollar
Cable has reversed strongly off long-term support at 1.27 to reverse the short term downtrend
Preference = go long with the trend reversal

Scenario A) price pulls back to 1.283 before continuing to 1.30
Scenario B) bullish momentum provides no short term dip-buying opportunities so wait

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