FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Before market close on Friday we saw that price broke out of a range but failed to stay above the resistance level . Price then came back down to the support level were we saw some wick rejections. The GBP seems to be bullish this year with getting a deal with Brexit where as the USD seems to be bearish and with everything going on in America at the moment I feel that price will break out of the range and retest the support level . If the support level is respected I will be looking at getting long at the 1.36669 area and holding it until the last support line for a RR of 2. If price fails to stay in the range and begins to head down and breaks out and retests the support level and is respected then I will be looking at getting short at 1.35089 for a RR of 4 and holding it until the previous DT

Let me know what you guys think and please do your own analysis before placing a trade.

Good Luck

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