1.4228 was a significant level that GBP needed to clear as this was the low from 16.5.2010.
WE are safely above this level and with the absence of any further specific GBP related news, GBP/USD looks to be heading higher.
I'm already in this market from 1.4275 with a STOP at 1.4248 which I shall move to b/e shortly.
Target for this trade initially is the band of resistance that lies between 1.4563 and 1.4660.
If we get up there I'll reassess my target accordingly.
WE are safely above this level and with the absence of any further specific GBP related news, GBP/USD looks to be heading higher.
I'm already in this market from 1.4275 with a STOP at 1.4248 which I shall move to b/e shortly.
Target for this trade initially is the band of resistance that lies between 1.4563 and 1.4660.
If we get up there I'll reassess my target accordingly.
Trade active:
LONG from 1.4275
STOP 1.4248
Target Open
STOP 1.4248
Target Open
Trade active:
Keeping this trade open - now +150.
1.4660 is a possible target but if we see a significant pullback I may bank.
1.4660 is a possible target but if we see a significant pullback I may bank.
Trade active:
STOP moved to 1.4375 for +100