Will GBPUSD go to 13500 or a false break-out of 1.3310

Will GBPUSD go to 13500 or a false break-out of 1.3310

GBPUSD has moved up from 1.3250 to 1.3370 because there is news that 95% of Brexit Trade Deal has been agreed.

The 1.3310-1.3315 has been a strong resistant zone in the last 8-12 days. The 1.3310-1.3315 is an important zone to watch for today possible of a breaking confirmation of a false break-out.

GBPUSD broke 1.3310

GBPUSD will trade from 1.3310 to 1.3430 or .13310 to 1.3510 to wait for the official Brexit Trade deal news.

GBPUSD-Target-Profit-1.3480-1.2500

GBPUSD may be sold off to 1.3110-1.3115, or dropping further to 1.3260-1.3265, or 1.3250-1.3225  because of profit taking.

Before the official release of Brexit Deal, the sh0rt term trend of GBP is up and the 1.3310-1.3315, 1.3260-1.3265 are good support zones.

The 1.3380-1.3400, and 1.3500-1.3510 are playing as resistant zones.

 

 

 

 

 

 

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