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GBPUSD: Touched Upward Channel | February 5, 2017



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On the chart, we can see that, gbpusd has touched upward channel. This pair is still above 200 EMA on h4 which indicates that this pair has possibility to bounced from this level. If this pair can't start bullish movement again, then we can see rapid fall after breakout of channel and 200 ema. As this pair is still on uptrend, we recommend to look for buy on this pair.
Buy setup
❍ Buy above 1.2450 level if any bullish candle formed on H1
❍ Another buy zone lies on 1.2420-30
❍ SL will be 1.2400
❍ TP will be 30-120 pips
Read more GBPUSD previous chart analysis
Read more All pairs chart analysis at a glance


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