GBPUSD Heading to 1.55. Look to Sell

25 thg 4, 2015

I am long the GBPUSD at 1.492 after we broke out of the wedge. I am targeting 1.55 the first major resistance, 200 ema, and target of the wedge pattern. We are still technically in a downtrend so 1.55 may very well present a selling opportunity targeting 1.50, which will be close to the retest of the broken trend line. Of course we will need further signals before we enter at each level, but I think it's quite a good chance.