GBPUSD is moving higher

GBPUSD is holding the 1.1700 support

 

GBPUSD is breaking higher above 1.1800. The breakout higher is coming after the 1.1700 support test and bounce. An extension above 1.1800 calls for more upside and a test of the most significant upside resistance 1.12300.  This will make the complete upside reversal valid.

Note: look for the long trade with the stop loss below 1.1750

 

GBPUSD upside revresal

 

 

 

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