GBPUSD: Buy at support for short term reaction
GBPUSD is testing triple support area at the hourly chart (PP0, trendline and previous top) at 1.3775-80.
We believe that a reaction from that levels is probable, so we set buy orders with stops below 1.3750, targeting 1.3810.
Clear break of the trendline with hourly close will show that an important top is in place with yesterday's highs.
We believe that a reaction from that levels is probable, so we set buy orders with stops below 1.3750, targeting 1.3810.
Clear break of the trendline with hourly close will show that an important top is in place with yesterday's highs.