GBPUSD our psychological target is 1.6000 within this year. However our weekly outlook is to 1.5300-1.5450.
If price breaks above 1.52850 then we are looking to enter at 1.52900 to our first target of 1.5300 then to 1.5400 with a stop loss of 1.52650. (HOWEVER PLEASE CHECK CANDLESTICK FORMATIONS ONCE EACH TARGET HAS BEEN MET).
If price breaks below 1.52535 then price would decline down to 1.52250-1.52000 where we would be looking to go long from with a stop loss of 1.51850. Targets still being 1.5300-1.5400. (THIS SCENARIO IS MORE THAN LIKELY).
If price breaks above 1.52850 then we are looking to enter at 1.52900 to our first target of 1.5300 then to 1.5400 with a stop loss of 1.52650. (HOWEVER PLEASE CHECK CANDLESTICK FORMATIONS ONCE EACH TARGET HAS BEEN MET).
If price breaks below 1.52535 then price would decline down to 1.52250-1.52000 where we would be looking to go long from with a stop loss of 1.51850. Targets still being 1.5300-1.5400. (THIS SCENARIO IS MORE THAN LIKELY).