alan3cA
Long

GBPUSD, Buy at 1.4255 and 1.4227, Stop 1.4189, Friday

FX:GBPUSD   British Pound / U.S. Dollar
In line with yesterday's bullish call, an initial setback attracted fresh investor demand. The result was gains of more than a big figure, a 3rd up day in a row and the most positive closing price of 2018. Once again, overbought extremes are a cause for concern, but currently setbacks are bought, although the depth can be difficult to determine. So, this morning’s call is Bullish from the open but leaving room to also buy a 1.4227 dip. The risk is 1.4189 with upside targets of 1.4279, yesterday's peak, 1.4306 and last week's 1.4345 high point.
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