OANDA:GBPUSD   Британский фунт / Доллар США
We’ve been seeing quite a bit of consolidation here on this pair lately, but I believe a breakout is inevitable into this coming week. My bias for this pair is long due to the strong supporting trendline that lines up on multiple timeframes. Also, as you can see the resistance line completes an ascending triangle pattern which is most of the time points to a long position. Before I even consider entering a trade with this pair, I need to see a nice hold of the trendline possibly forming a bullish pin bar and then a strong break of the resistance line. If that happens, my long target is around the 1.27 area (the red zone). Hope this helps! Good luck and trade at your own risk.
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