My specialist indicator was giving a 3 star BUY trade this morning. We have a clear break of resistance (green trend line ) as the price pushes through on an ascending triangle to higher ground.
First obvious target is WR1 resistance at 1.2580.
Looks a good thing this with Dollar Index under 100 and a fair bit of GBP strength about.
Trade closed: target reached:
Target WR1 reached as predicted. Just going to hold onto this for a bit as there's not much movement from the BEARS so we could push higher with so much Dollar weakness about