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olly48

GBP/USD Retracing To Support

Long
British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
olly48  
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD gbpusdlong gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea gbpusdsetup gbpusdbuy gbpusdforecast
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trendanalysis chartpattern indicator gbpusd gbpusdlong gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea gbpusdsetup gbpusdbuy gbpusdforecast
Seeing a retrace to support after the breakout which is to be expected. Anyone who entered longs on my last post for this pair should still be good to stay in their positions. Looking for it to retrace to the highs of the previous resistance around 0.618 Fibonacci would offer the best entry.

Target remains 1.4000
SL can be just below 0.786 Fib
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