IkanBilisCapital

GBPUSD. We're near some heavy resistance bias to the upside.

Long
FX:GBPUSD   British Pound / U.S. Dollar
We're near some heavy resistance for the pair for our bias is to the upside. Here, we can see price move either way to form a messy pattern but we're ready to buy all dips until 1.385

BULL CASE
Price can continue to move up from here to retest 1.385 without much of a retrace.

BEAR CASE
If there's too much deadweight, we retrace may be required before more upside. The immediate level we're looking at is 1.365.


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