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British Pound / U.S. Dollar
Long

GBPUSD LONG

By coryhues
Updated
rejection of 61.8% Fib level on Daily timeframe - also rejected 200EMA (MAJOR TREND LINE) looking to see GU bounce off this zone into bullish trend. TP -27.2%
Note
we also have CPI news at 2AM EST - if you take this and are in profits by 1:30AM move SL to break even. based on past inflation % it has been increasing - i expect GBP to gain a lot of strength.be cautious and user proper risk management.
Note
hit stop loss - we broke the 78.6 and corrected to the daily support - swing buy still valid off the double bottom.
Fundamental Analysis
coryhues

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