KENJICHEN

0301-GBPUSD Analysis

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FX:GBPUSD   Libra Esterlina/Dólar Americano

GBPUSD
After 4 days rising, Pound finally got correction and close around at 1.3260 yesterday, then Asia mkt try to break low 1.3254 but fail, so it may have chance to bounce to resistance today.

Although, GBPUSD may bounce right now but the position is not really suitable to long, therefore I suggest waiting 1.3235 or the reversal horizon to long.

Meanwhile, 1.3235 and 1.3200 are most important support in Pound, we need to take notice to these price.

In uptrend pattern, remember always stay beside the trend, any correction may be a oppoturnity to get on the train , however, the difference is how u observe the trend and how u plan ur strategy.

Support: 1.3200 / 1.3235

Resistance: 1.3285 / 1.3317

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