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GBPUSD ranging, need breakout | June 5, 2017



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Gbpusd is now in range mode. We need to wait for a breakout on this pair. This pair is facing little resistance at 1.2905-15 zone where we can see 200 and 100 ema on h4. This moving average can be good resistance for this pair. We need a good bullish candle to break this EMA. If we find a strong bullish candle, then we can find go for buy on this pair for 30-70 pips target. 1.3000 is critical resistance for this pair. 

On the lower side, 1.2845 is support level for this pair. If it breaks, then downside can be open for more fall. Another support lies at 1.2775 level which is important for this pair. Breakout of this support can bring this pair towards 1.2690 level.



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