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Collins: Dollar rallies in GBPUSD

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Alan Collins from 3c Analysis expects the rally in GBPUSD to extend higher. After seven consecutive months of declines, GBPUSD began a profit taking rally in early February. Alan believes that this profit taking action will remain the dominant feature in future trading.


With support from the 13 day moving average and positive daily Keltner channel, Alan is looking for the rally to push higher. He is targeting a move to USD 1.5329, USD 1.5354, and USD 1.5445. A stop can be placed at USD 1.5139.

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