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GBPUSD - We look to Buy at 1.4280

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 19, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    GBPUSD - We look to Buy at 1.4280 (stop at 1.4250) GBPUSD - Buying pressure from 1.4131 resulted in all the initial daily selloff being recaptured. Broken out of the wedge formation to the upside. The trend of lower highs is located at 1.4405. The 161.8% Fibonacci extension is located at 1.4335 from 1.4090 to 1.4242. There is scope for mild selling at the open but losses should be limited. Our profit targets will be 1.4335 and 1.4405.

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