Quadricolor
Long

GBPUSD Daily Long, bullish Flag formation and MA 200 bullish

FX_IDC:GBPUSD   British Pound / U.S. Dollar
There is a bullish flag formation, supported by the price above a bullish 200 MA and a break of the rising trend channel. This is all supportive of an upward price move. The risk reward ratio is at 9:1 with stop loss just under the lower channel of the flag. I don't see GBP strength against the USD, rather USD weakness against the GBP (see DXY ). Trend is up, the trend is your friend!

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