Both short term and longer term parallels seem to still be holding . I'm watching the return to the ascending base line drawn on a weekly time frame (light blue) Already long with small position ; I'm willing to let it grow if upward longer term momentum stays in tact.
I still like this one long. But maybe we get more at a better price?
Descending line is the 2.618 parallel off of the late January highs. Looks to be right where we are resting. **I'm already long and holding
I got caught trying to breakout of this downside fork off the highs. Im neutral watching these adjacent pitchforks.
The upside parallel and downside median line forks crossing, making support and finding resistance . . .
Gbp/USD seems upended by the .618 parallel of the uptrend fork (Not shown here) and the median line of the shorter term downside fork