GBP/USD - bullish breakout

٢٧ نوفمبر ٢٠١٣

The cable shows a bullish breakout from its recent range. Watch for a pullback entry near the top of the sideways range. The 1D breakout candle has to close above its midpoint to maintain the bullish view, otherwise it is only a knee-jerk bounce to retest the upper side of the range following a failed downside breakout.