19 April 2017, GBP/USD
GBPUSD has been trading upwards this week. Yesterday, we got a bullish trend confirmation when the price broke out above 1.2723. On the daily chart attached, a signifacant daily level 1.2723 has just been broken and therefore we anticipate a move to the upperside. I have placed a pending buy limit order at 1.2775 just in case this price retrace to this level. At the moment, I don't advocate for sell orders but if the price can breach below 1.2723, then I may reconsider shorting The cable towards 1.2101