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GBPUSD Rise

FX:GBPUSD   英鎊 / 美元
116 0 1
My 2 cents for the GBPUSD             is a long BIAS with first Target at 1.375.

Bias based on the following factors
1. Rejection of the daily candle(2018 Jan 11) off the 18 EMA and upward trend line .
2. Rejection closed candle above major key level of 1.350
3. Moving averages show a bullish momentum
4. A noticeable cup pattern formation formed and completed.

It must be noted that a daily resistance at 1.358 as well as the downward trend line might hinder analysis but my bias still remains long.
評論: Pair reached high of 1.3743, a shy 7 pips away from target. All in all good set up. perhaps target shall be reached on opening of market.
評論: Target reached
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