GBPUSD - Buy at 1.3765 and 1.3742, Stop 1.3711

British Pound / U.S. Dollar (FX:GBPUSD)

Updated

FX:GBPUSD British Pound / U.S. Dollar

fibonacci trendline breadthstudies gbpusd

Against a background of bullish weekly signals for sentiment, CABLE continues to track the upper band of a rising daily Keltner channel. There was limited movement in this currency pair Tuesday but it is the buying of a modest profit taking dip that emphasises the underlying tone. Therefore, this morning’s call is Bullish fat 1.3765 but leaving room to also buy a 1.3742 dip, yesterday's low. The risk is 1.3711 with upside targets of 1.3800, 1.3836, Asia’s high, and towards 1.3878.

Comment:

Taking some profits at 1.3788, raising stop to 1.3757 and cancelling the buy at 42

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.