Analysis

GBPUSD - We look to Buy at 1.2248

GBPUSD - We look to Buy at 1.2248 (stop at 1.2208).

GBPUSD - Broken out of the channel formation to the upside. There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 1.2324. Trend line support is located at 1.2246. Bespoke support is located at 1.2248. Preferred trade is to buy on dips. Our profit targets will be 1.2265 and 1.2388.

 

Interested in GBPUSD technicals? Check out the key levels

 

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