FX:GBPUSD   British Pound / U.S. Dollar
Hello Traders,
In the above analysis: I'm showing the both scenario may happen on GBPUSD pair with the help of simple SUPPORT/RESISTANCE .

GBPUSD is on a sideways from last 15 day at range of 1.42340 to 1.40990. So the analysis says: if it'll break this resistance(1.42340) then we will see a new high on GBPUSD after 3 years of downtrend or if it fail to break resistance & came below support (1.40990) then next target will be 1.40290.

You can use this analysis on intraday & swing both. Use proper risk management if enter.

Best of Luck
Happy trading
Trade closed: target reached: SHORT TARGET REACHED


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