capitalpropertiesfx

GBPUSD ahead of UK's data. Short-term

FX:GBPUSD   British Pound / U.S. Dollar
52 0 1
Pound suddenly seems fairly interesting. On bigger timeframes we are in a very rough area which is full of all sorts of support and resistance areas but on H1, things look a bit better. What I like is that triangle which broke to the downside and finished the measured move. Of course this doesn't mean that we cannot go lower but it gives us a very good resistance level to watch to the upside.

I would consider a long position if we break the Key resistance line. I'm not looking to short this one.
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