GBPUSD Trendline and EMA Breakout Long Trade Setup
CHART PATTERN AND INDICATORS: Trendline, EMA 50 H1 Chart, SMA 5 Daily Chart
If the price breaks the trend line and closes above EMA 50 ( 1.38800) , the target of the pair can be 1.39400 resistance.
If it fails to break above, the target of the pair will 1.36500.
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GBPUSD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.