Where is GBPUSD headed?

[Matt Night]

I am looking at GBPUSD on the daily chart and wondering if it will hit the resistance above and shown on the chart and move back lower again?

Any thoughts or suggestions welcome.

[Pip Hunter]

Hey Matt,

 

yeah, could def see something like that happening… wouldn’t surprise if price pushes just a tad higher, we get a false break and then moves lower into the support I have shown on the chart.

 

[Pip Hunter]

Nice trade Matt.

We got the false break higher we thought we would and now price making it’s way lower. Hopefully you got on on the false break higher and can now lock in breakeven or profits.

Good job.

[Matt Night]

Thanks Pip.

Yeah I got in on the false break like you suggested and now riding lower with my stop at breakeven so win / win.

Thanks again.

[Author]

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