FX:GBPUSD   British Pound / U.S. Dollar
Based on my analysis and theory, GBPUSD will be short for short-term

You can see the resistance level that put GU fall to around 1.354 support area and once it breakout the support area then it will fall more further to around 1.344 support area before we see GU going back up.

This is my personal view
Trade at your own risk.

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Trade active: Position open from 1.355
Trade closed: target reached: TP Hit 1.345
Trade active: Position long open at 1.345
Trade closed: target reached

Comments

Nice chart mate, and well predicted... on the money!
+1 Reply
MicWoodsFX SteveRobey
@SteveRobey, Thank you :)
Reply
Nice analysis, i'm currently looking for a short on the breakout it just had, around 1.35426. Good luck!
+1 Reply
MicWoodsFX Lenguito_Forex
@Lenguito_Forex, Thank you :)
Reply
Nice analysis, I like your work. Thanks for such clear charts
+1 Reply
@Karzon No problem and thank you :)
Reply
Nice analysis, had similar plotted on my chart. I think that support area could end up becoming strong support into 1.37+
+1 Reply
MicWoodsFX effEX-ike
@effEX-ike, Yes i agreed
Reply
I like this mate. Pretty much expecting the same. See where we are when markets open. Expect another push up before breaking that support though
+1 Reply
MicWoodsFX seanwilliamson94
@seanwilliamson94, Yeah we will have to wait till the market open, there might be a gap above or below but, yeah your right there :)
Reply