GBPUSD is soon approaching a long-term trendline, which coincides with a 3 year supply zone. As price approaches this level, it would definitely be strongly resisted.
In addition, the current price is the top of a 3 year range, thus we could start looking to sell GBPUSD. Await a retest on the previous high, or wait for a rebound when price breaks the current bullish structure.
In addition, the current price is the top of a 3 year range, thus we could start looking to sell GBPUSD. Await a retest on the previous high, or wait for a rebound when price breaks the current bullish structure.