GaryChew_CFTe

GBPUSD Long ... Rectangle breakout stalling, but still bullish

Long
FX_IDC:GBPUSD   British Pound / U.S. Dollar
Still riding on the weak USD theme, Cable may be the next on the bandwagon.
However the breakout is taking a break ;-)
We'll need to see a daily close above the recent high at 1.3338 before riding this baby north.
Will be keeping a close watch on this one.
Comment:
May be a little early, but we have got a nice pivot to place stops at, so gonna bite the bullet and jump on the bandwagon!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.