Monday, April 8, 2013

GBPUSD Long Trade Setup

myfxvoyage.blogspot.com GBPUSD Long trade
GBPUSD Daily
Area around 1.5250/60 has provided a good resistance in past. 

In previous many sessions price has tried to cross the resistance level but it has failed. On Friday, post NFP rally price has not only closed above the resistance level but it has also made good gains above it. 

I expect the resistance to turn support on any dips. Price action looks bullish in medium term. 

Any dips towards the support level 1.5250/60 should be considered as buying opportunities. 


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