GBPUSD Outlook and Trading Idea
Sunday, August 4, 2013
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Last week , GBPUSD found a support at 1.5100 level ( above 23.6% Fib 1.5748 - 1.4809 ) and a strong upside react on NFP release that followed an upside react on earlier UK Construction PMI . Looks like a Bullish wave is developing on the daily Chart .
Further out, next resistance resides at the 1.5430 the location of its Jul’2013 high.
A break through here will resume its medium term uptrend and open the door for a run at the 1.5560 level .
I am looking at a very strong potential support zone 1.5150 - 1.5200 , daily chart shows a series of bullish signals that may start early next week .
My recommendation : Buy GBPUSD above 1.52 Targeting ( 1.5380 , 1.5445 and 1.5560 ) and stop-loss with four-hour closing below 1.5090 .
Here is the daily chart view of the GBPUSD showing this perspective :
Ayman Khlifat on Twitter
Follow @aymankkhlifat
To contact Ayman Khlifat , email Aymanfxsignals@yahoo.com
Last week , GBPUSD found a support at 1.5100 level ( above 23.6% Fib 1.5748 - 1.4809 ) and a strong upside react on NFP release that followed an upside react on earlier UK Construction PMI . Looks like a Bullish wave is developing on the daily Chart .
Further out, next resistance resides at the 1.5430 the location of its Jul’2013 high.
A break through here will resume its medium term uptrend and open the door for a run at the 1.5560 level .
I am looking at a very strong potential support zone 1.5150 - 1.5200 , daily chart shows a series of bullish signals that may start early next week .
My recommendation : Buy GBPUSD above 1.52 Targeting ( 1.5380 , 1.5445 and 1.5560 ) and stop-loss with four-hour closing below 1.5090 .
Here is the daily chart view of the GBPUSD showing this perspective :
Ayman Khlifat on Twitter
To contact Ayman Khlifat , email Aymanfxsignals@yahoo.com
