GBPUSD - Buy at 1.3765 and 1.3742, Stop 1.3711

Against a background of bullish weekly signals for sentiment, CABLE continues to track the upper band of a rising daily Keltner channel. There was limited movement in this currency pair Tuesday but it is the buying of a modest profit taking dip that emphasises the underlying tone. Therefore, this morning’s call is Bullish fat 1.3765 but leaving room to also buy a 1.3742 dip, yesterday's low. The risk is 1.3711 with upside targets of 1.3800, 1.3836, Asia’s high, and towards 1.3878.

Commentaire:

Taking some profits at 1.3788, raising stop to 1.3757 and cancelling the buy at 42