forextraplaces

GBP/USd finding support and looks to be headed higher

Long
forextraplaces Updated   
FX:GBPUSD   British Pound / U.S. Dollar
There's no significant news for a couple of days so there's nothing scheduled to affect trading today and with GBPUSD finding support in the 1.2670 area, we could see GBPUSD push higher heading for a possible target of WR1 (weekly resistance) at 1.2788.
All GBP pairs look BULLISH supporting this opinion.
Trade active:
STOP moved to 1.2708 locking in 10 pips.
Trade active:
STOP moved to 1.2720 locking in 22 pips
Trade active:
STOP moved to 1.2741 locking in 43 pips
Trade closed manually:
Position closed at 1.2760.
We're in overbought territory and the BULLS are weakening.
I think GBPUSD may well head higher but its going to head south to find support.
This retrade could be deep so the trade is closed for 43 pips.

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