The GBPUSD pair has been trading around its firm line of support. This support level had NEVER been broken, since 1994 till date.! I won't break in 2016
In the long tem, the Monthly timeframe, the pair had continued to consolidate. A breakout from the consolidation MUST be to the north. Where this happens, we will be expecting the pair to rally all the easy up to the resistance, our target. Total pips to be captured on that up move is about 1,700.
In the sorry tem, the one hour timeframe, the pair had continued in a consolidation for about a month. It's is about a 380 pips consolidation. Traders should look to BUY Support and SELL Resistance.
To your trading success, Fx-Kalapanzy
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