I would wait
GBP/USD - 1H Chart
Don't look for Buys at the moment.
If you want you can catch some selling trades till the price reaches the green area.
I will start to look for buys there.
If price starts to make reversal from this area then the price could move back up to 1.39 area
But first, there are some resistances.
1. Small trend line from the top. Which should be broken, retested, and rejected.
2. We have a possible retracement area at 1.38144
3. Above the retracement area we have this uptrend line.
Don't look for Buys at the moment.
If you want you can catch some selling trades till the price reaches the green area.
I will start to look for buys there.
If price starts to make reversal from this area then the price could move back up to 1.39 area
But first, there are some resistances.
1. Small trend line from the top. Which should be broken, retested, and rejected.
2. We have a possible retracement area at 1.38144
3. Above the retracement area we have this uptrend line.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.