#GBPUSD - 28 March
GBPUSD moved as per the plan given; I was bearish GBPUSD and it moved down nicely yesterday. Similar to EURUSD, GBPUSD opened just below the PZ and came down on open, to the support below and bounced strongly, to make new highs but it hit the strong level within the PZ and came down the second time.
But again the same 1.2617 level held with 2 bullish pin bars and GBPUSD moved back up again to close near the highs at the strong level 1.2639.
However this morning again, it opened and came down to the support level below and bounced off it with a bullish candle. With the current bullish candle, GBPUSD should move higher possibly back to 1.2639. A break above 1.2639 should signal a possible low and 1.2659 is next. If however, 1.2639 is able to hold the sell and GBPUSD is again rejected off it, should see further break, with 1.2681 as the probable target.
But again the same 1.2617 level held with 2 bullish pin bars and GBPUSD moved back up again to close near the highs at the strong level 1.2639.
However this morning again, it opened and came down to the support level below and bounced off it with a bullish candle. With the current bullish candle, GBPUSD should move higher possibly back to 1.2639. A break above 1.2639 should signal a possible low and 1.2659 is next. If however, 1.2639 is able to hold the sell and GBPUSD is again rejected off it, should see further break, with 1.2681 as the probable target.
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