l3lak3
Long

GBP/USD - Up against the wall

FX:GBPUSD   British Pound / U.S. Dollar
49 0 2
Swing point developing, price needs to break daily high to complete the bullish swing.
Focusing on the 15min chart I have here, you can see price is consolidating in the Asian range, as usual...
Price had a nice reaction to the Fib sweet spot.
Red line is a recent daily support level .
The faded blue lines are key daily support levels
Orange line is the low of the potential swing point in question. In this area I will look to draw bullish fibs.
Looking at the 4hr you can see the past bearish swing, and its bearish fib sweet spot, which will be my long term target.
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