GBPUSD Forex Trade Idea & Signal with Shortterm & Midterm Targets
Our followers know that we have 2 zones estimated for GBPUSD . First zone is 1.30-1.32 and the second one 1.32 – 1.34 .
Cable seems to start to moved towards 1.32-1.34 area again . But there are some levels to break .
GBPUSD H1 CHART:
Price tested 1.3000 and MA50 acts as a resistance. But MAs likely to be a support . First level to be tested is 1.30300 where Fibonacchi Line and MA100 resistances awaits.
Second Level is 1.30800
GBPUSD H4 CHART :
1.30000 is the MA20 ( BB Mid Channel ) resistance. This level is also psychologicaly important. I beleive that it would be broken soon . And H4 closings above 1.30000 will cary the price 1.30300 , 1.30800 and 1.31400.
Trade Idea :
Enter LONG trade @ 1.30000
TP 1: 1.30800
TP 2 : 1.31400
TP 3: 1.32000