theforexportal

Possible GBPUSD LONG if we get through 1.2400

FX:GBPUSD   British Pound / U.S. Dollar
Price on GBPUSD has hit WS1 pivot and historical support and we've seen a bounce as expected. The question is can the BULLS resume control of this market and drive the price higher? There's quite a lot of resistance above the first area being the 1.2400 big number and the 200 sma on the 5m chart. If price breaks through 1.2400 and then returns and tests this area for support I shall place a LONG trade with a STOP under WS1.

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