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19 May 2015
Going long on GBP/USD – Growth Aces
FXStreet (Barcelona) - The Growth Aces Research Team maintains their bullish outlook on GBP/USD, going long at 1.5460, targeting 1.5800 levels.
Key Quotes
“Our GBP/USD long position opened at 1.5610 and broke below the support level at 1.5537 (38.2% fibo of 1.5088-1.5815 rise). The stop-loss was hit at 1.5530. However, we do not see any fundamental reasons for a trend change.”
“We have placed another buy order at 1.5460, just above the 50% fibo of the above-mentioned move. If the order is filled we see the scope for gains towards this-month highs near 1.5800.”
“GBP/USD: buy at 1.5460, if filled - target 1.5800, stop-loss 1.5365, risk factor *”
Key Quotes
“Our GBP/USD long position opened at 1.5610 and broke below the support level at 1.5537 (38.2% fibo of 1.5088-1.5815 rise). The stop-loss was hit at 1.5530. However, we do not see any fundamental reasons for a trend change.”
“We have placed another buy order at 1.5460, just above the 50% fibo of the above-mentioned move. If the order is filled we see the scope for gains towards this-month highs near 1.5800.”
“GBP/USD: buy at 1.5460, if filled - target 1.5800, stop-loss 1.5365, risk factor *”