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subtlepapi

GBPUSD - Daily continuation + Weekly relief rally soon!

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
subtlepapi  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD gbpusdlong gbpusdanalysis gbpusdsignal gbpusdtrade gbpsdforecast breakout breakouttrading reversal
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trendanalysis chartpattern indicator gbpusd gbpusdlong gbpusdanalysis gbpusdsignal gbpusdtrade gbpsdforecast breakout breakouttrading reversal
Technical Analysis (TA)
Weekly Chart is showing early signs of a reversal with the momentum indicators and there is a high probability of a relief rally to 1.24 to 1.28.

The daily chart is showing signs of a continuation play with a breakout entry above 1.227 The momentum are holding the trendline and do not look overbought.

Price Target
Entry: 1.227
Target 1: 1.2 (1.25%)
Target 2: 1.285 (+4.35%)
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