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GBPUSD: Range zone breakout at 1.2190 | March 13, 2017



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Gbpusd has broken its range zone between 1.2135-1.2190 area. Now, this pair can look for more up as it broke on the upper side. So this pair should stay in the bullish mode as this pair stays above 1.2190 level.
Now we can look for buy near to 1.2190 level to retest its broken level again. If we find this pair on that level, then we need to take buy, stop loss will be below 1.2135 and target will be 1.2230, then 1.2300 level.
On h4 time frame, MACD is showing bullish mode which starts above 0.0 level. So it can be trend change from bearish to bullish for gbpusd as this pair has broken range zone. So without any bearish candle confirmation, we will recommend you to stay in bullish mode on this pair.

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