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Why I’m buying GBPUSD: Ian Coleman

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April 12, 2016 eur, eurgbp, gbp, gbpusd, gbpusd trade idea, saxo, saxo bank saxo tv, saxo bank tradingfloor.com, saxo tv, saxo tv trading floor, saxotrader, saxotradergo, trade idea, trader, trading, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com saxo tv
Ian Coleman of First 4 Trading is looking to sell cable. Ian says GBPUSD had an impulsive move up yesterday but stalled at intraday 161.8% extension level. 
EURGBP also broke in a descending triangle formation to the downside, leaving bias still bearing for EURGBP and giving GBPUSD upward bias. 
Ian is looking to buy a break at 1.4285 with a stop at 1.4255 and target at 1.4420.