OANDA:GBPUSD   British Pound / U.S. Dollar
Possible long opportunity on GBPUSD .

Price is an ascending channel and has recently touched at an area of previous resistance (1.3370).

There is a possibility we could see a rejaction at this level where the bullish momentum could contiune up to the 1.3800 level.

GPBUSD is a rather volatile pair to risk management is important here.

Comments

Agreed. 20/50/100 EMA crossover and bounding down towards the 200 EMA. Buy in at 1.36 for me as it's a whole number, which is also near enough on the 0.23 fib and on a key level.

Thanks for the analysis!
+2 Reply
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