Pre-Breakout Buildup on GBPUSD (LONG)

---- ANALYSIS ----
... After breaking above Daily S/R line (1.3050) on Jul-14, price retraced to roughly 1.3000
... Since then, Price has tested S/R line repeatedly and formed five (4h) doji candles within the last 24 hours
... Expectation is for possible Bullish breakout above 1.3050 in the 50-80p range

---- ACTION(S) ----
... Waiting for confirmation of breakout at/above 1.3050
... Will then enter market (LONG) with TP: +60 / SL: -30
... May adjust TP if price show willingness to rise further

---- ADDITIONAL NOTES ----
... 1.3050 is also a previous Daily Swing-High (from May-18)
... Be mindful of GBP news affecting price on 7/20 (Retail Sales) and 7/21

Order avbruten:

Ugghhh..!!! price went South due to "panic" selling initiated (allegedly) by comments made by UK Trade Minister Liam Fox earlier today...

(Source: FXStreet - www.fxstreet.com/new...uk-data-201707200951)

Trade is no longer valid for the short term. Looking for price to stabilize and possibly turn Bullish at 1.2500...