GBPUSD: trapped in a short term range

Written by Raul Lopez on . Posted in Trades & Analysis.

The GBPUSD it’s been trading in a short term range since last Thursday:

GBPUSD
GBPUSD

So right know these are the possibilities:

If the GBPUSD breaks the green resistance level, it will trigger a bullish market condition

If the GBPUSD breaks the green support level, it will trigger a bearish market condition

If the Pound-dollar keeps trading in between both green lines, range trading is the way to go.

Trade Safe!

Raul Lopez
http://www.protradingnow.com/

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
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