GBPUSD NEUTRAl
Updated
GBPUSD is currently in a upward linear regression. It recently broke below and broke back in (fake out) and then continued a strong rally to the upside back into the ranging zone where it is now at the 4hr resistance level.
Patiently wait for price to either break and retest above the level before entering any buys or reject the zone for before any sells.
Will update again on Sunday as price moves.
Patiently wait for price to either break and retest above the level before entering any buys or reject the zone for before any sells.
Will update again on Sunday as price moves.
Note
GBP/USD is still rejecting the high however is not pushing to the downside. Price is currently ranging on the 1hr and 30 minute charts.
No confirmation on move as yet. Still watching
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