GBPUSD - Cautious dip buying (intraday only)
GBPUSD - Intraday - We look to Buy at 1.2394 (stop at 1.2354)
Broken out of the wedge formation to the upside. The formation has a measured move target of 1.2784. The medium term bias remains bullish. Bespoke support is located at 1.2394. Daily/Weekly Ichimoku Cloud support is seen at 1.2399. Expect trading to remain mixed and volatile. Intraday signals are far from strong.
Our profit targets will be 1.2505 and 1.2780
Resistance: 1.2505 / 1.2770 / 1.2784
Support: 1.2394 / 1.2139 / 1.2112
Broken out of the wedge formation to the upside. The formation has a measured move target of 1.2784. The medium term bias remains bullish. Bespoke support is located at 1.2394. Daily/Weekly Ichimoku Cloud support is seen at 1.2399. Expect trading to remain mixed and volatile. Intraday signals are far from strong.
Our profit targets will be 1.2505 and 1.2780
Resistance: 1.2505 / 1.2770 / 1.2784
Support: 1.2394 / 1.2139 / 1.2112
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