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Current GBP Trading Plans

The GBP could strengthen on many pairs.

GBP/CHF - this pair has a D1 uptrend that could strengthen from here, if you see a buy signal in the main session it has resistance levels up to 1.5100, past there it has room to move, so be careful for now but we are looking for it to breakout.

GBP/AUD - the D1 trend to the upside could easily form from here, we would look to buy it in the main session if you see a buy signal, strong upside potential of nearly 550 pips

GBP/NZD - set buy alarm at 1.9850 (estimate), strong upside potential of nearly 1100 pips if the D1 uptrend forms from here.

When the price alarms hit verify any buy or sell entries with The Forex Heatmap ® and look for GBP strength or cross currency weakness or both.

Good Trading

Mark Mc Donnell

www.forexearlywarning.com

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