Bullish Breakout In GBP/USD – Quick Update on Trading Signal - Forex News by FX Leaders

Bullish Breakout In GBP/USD – Quick Update on Trading Signal

Posted Tuesday, September 11, 2018 by
Arslan Butt • 1 min read

What’s up, traders.

It’s been a good start of the day with two consecutive winnings in EUR/USD. In this update, we are gonna speak about our GBP/USD treading signal.

The Sterling is heavily dependent on UK’s labor market report which is due in an hour or so. You can follow FX Leaders economic calendar for live coverage of this event.

Anyway, the GBP/USD has violated the double top pattern on the 4 hourly charts, which is extending it a solid hurdle near $1.3030. Above this, the pair is likely to extend a bullish rally until $1.3090 and that’s we are looking to target today.

Fellas, we may close the trade manually ahead of the news release to avoid reversals. So, stay tuned to FX Leaders Signals Pages for more updates!

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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