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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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GBP/USD broke out of descending resistance line, potential for further rise!

Price broke our resistance line and we might see a further rise above our first support level to our first resistance level. Ichimoku cloud is also showing signs of bullish pressure.

Entry : 1.3013

Why it's good : horizontal overlap support, 38.2% fibonacci retracement

Stop Loss : 1.2979

Why it's good : 50% fibonacci retracement

Take Profit : 1.3122

Why it's good : horizontal swing high resistance, 50% Fibonacci retracement

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