After the recent decline on #GBPUSD to the weekly 200 moving average, price is now facing the daily trendline resistance. A failure here may take price back down to the recent lows while a breakout may provide reason for further strength.
Although current pricing is indicating weakness as price is below the trendline, near term price has been in a range so as is our preference, we will wait for a breakout with our trend to confirm a trade.
Although current pricing is indicating weakness as price is below the trendline, near term price has been in a range so as is our preference, we will wait for a breakout with our trend to confirm a trade.
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Twitter: twitter.com/iJavidTrader
Twitter: twitter.com/dynamictrader
Instagram: instagram.com/dynamictrader