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GBPUSD: Trading Plan For Next Week

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
VasilyTrader  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis Forex trading Technical Analysis GBP USD GBPUSD pound dollar Currencies
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trendanalysis chartpattern waveanalysis forex trading technicalanalysis gbp usd gbpusd pound dollar currencies
snapshot


Last week GBPUSD has retraced from 1.3 level
and currently, the pair is consolidating within a falling channel .

I believe that bears will continue pushing the market lower
and buying volumes will consolidate in 1.27-1.28 area.

Our trigger will be a bullish violation of a falling channel .
Target levels: 1.29/1.30
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