1. 1.50 zone is now an important zone. It acted as resistance before and may act as support in the coming week.
2. If we get a pull back back to 1.5215 zone, I will be looking for signals to sell GBPUSD . Alternatively, we may get a push all the way to 1.50 zone at which I will be looking for signals to buy GBPUSD back to 1.5215 zone.
** Bullish/Bearish Signals include
- Bullish/Bearish Candle Stick formation at those levels
- Bullish/Bearish Divergence at lower time frames (e.g. H4, H1, M15).
- breaks on lower time frames.