Steve O’Hare, of First4Trading.net, explains in a technical analysis of charts why he is aiming to buy GBPUSD in a contrarian trade idea.

He is looking to set longs in GBPUSD at 1.3875. His stop is a break of 1.3800 and his target is 1.4000.

O'Hare’s technical analysis of a selected trade is featured every week on Trading Floor.