I've been away since Thursday but it's nice to see recent GBPUSD action confirming a larger bullish bias. The move above minor resistance has led to an expected setback, which may be complete at 1.5134. I'm looking to add to the long position either above 1.5206 or near 1.5100. Targets are 1.5420 and 1.5600.
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
To contact Jamie e-mail firstname.lastname@example.org. Follow me on Twitter for real time updates @JamieSaettele
Subscribe to Jamie Saettele's distribution list in order to receive actionable FX trading strategy delivered to your inbox.
Jamie is the author of Sentiment in the Forex Market.
- Investment & Company Information