GBPUSD - Long
Price has broken the Daily Downtrend with new Higher High being made for first time since approx 9 months
Green dotted lines represent zones of interest for when to enter trade
Blue dotted line is a possible area of support for price, having being resistance in the past, also aligned with .382 FIB. Expected retracement to this area before entering a trade to TP at -0.27 FIB level
Price had previously respected the 200 MA since June 2014. However, there has been a recent break of this trend with price moving to upside
Price has broken the Daily Downtrend with new Higher High being made for first time since approx 9 months
Green dotted lines represent zones of interest for when to enter trade
Blue dotted line is a possible area of support for price, having being resistance in the past, also aligned with .382 FIB. Expected retracement to this area before entering a trade to TP at -0.27 FIB level
Price had previously respected the 200 MA since June 2014. However, there has been a recent break of this trend with price moving to upside