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Why I’m buying GBPUSD: Ian Coleman
Ian Coleman of First 4 Trading is looking to sell cable. Ian says GBPUSD had an impulsive move up yesterday but stalled at intraday 161.8% extension level.
EURGBP also broke in a descending triangle formation to the downside, leaving bias still bearing for EURGBP and giving GBPUSD upward bias.
Ian is looking to buy a break at 1.4285 with a stop at 1.4255 and target at 1.4420.
01:47 minutes
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