codekid

GBPUSD price close above fib

Long
FX:GBPUSD   British Pound / U.S. Dollar
GBP has gained considerably over the past week. Price not only closed above a strong support but it was also a fib level. That coupled with the fact that cross indicating a bullish move has occured and RSI giving a bullish signal as well. Ianticipate that there will be a retrace close to support ( As it has been doig in the past). The aim is just below the major trend line in the chart. I doubt that this trade will materialize at the close of the week so it's one for next week
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