isomorph

WAIT for Break-Out (BO)

FX:GBPUSD   British Pound / U.S. Dollar
49 0 2
As the classic tool Bollinger Bands shows us on Daily, the market square in the middle and consolidating. Bottom TDIm study shows the same. Furthermore, price is stuck between WPP             and WPR1.

Of note is the fact that price stubbornly refuses to stay below last year's low (horizontal yellow line) as well as MPP. So considering all this, we are waiting for a breakout and current indications are that the breakout will probably occur to the upside.

BUT for now we do not trade it yet and simply WAIT.
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