GBPUSD Potential Upside
Jonathan Kibbler, January 2nd, 2018
GBPUSD finally broke out of the counter trend trendline and moved significantly to the upside. Looking at the weekly chart the trend is to the upside and will look to follow that. Next resistance level is 1.3600 where we may see some short term weakness before seeing the next leg higher. A break of that resistance will be key to further upside.
Disclaimer: Trading involves the risk of loss of capital and is not suitable for everyone. As many companies provide high leverage you should be aware you could lose substantially more than your initial investment. The content of this post should only be considered a guide. Views, opinions or content contained is purely the opinion of the author. It is provided solely for information purposes and does not constitute investment advice or a solicitation to trade or invest. Previous performance is no guarantee of future performance. You should carefully consider the inherent risks, your financial situation, your investment objectives, level of experience, and risk appetite. You should ONLY risk capital you can afford to lose. It is imperative you should seek advice from an independent financial advisor if you have any doubts. Although every effort has been taken to ensure that all content included is correct, we cannot guarantee its accuracy.