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.

Jonathan Kibbler

About the author: Head currency trader at Colmore FX. Jonathan has been professionally trained by two hedge fund managers in London and has grown a strong passion for financial markets. His trading strategy combines Daily, 4HR and 1HR charts with top down analysis to generate trading ideas.

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