GBPUSD: Buy into strength, bears failed to get follow through

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Paun British / Dolar A.S. (FX:GBPUSD)

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FX:GBPUSD Paun British / Dolar A.S.

Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD rgmov keyhiddenlevels timeatmode Commodity Channel Index (CCI) fx

trendanalysis chartpattern beyondta gbpusd rgmov keyhiddenlevels timeatmode commoditychannelindex fx

The Pound offers a great set up to enter longs here, with very good risk/reward. If filled, we may average in during the next 3 days, with the same stop, if we enter a half position initially with our buy stop order, breaking above Friday's high. Stop just below Friday's low.

Best of luck,

Ivan Labrie.

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