After its recovery state before, during, and after the Brexit implementation, Pound was able to outperform several of its forex pair including the dollar -- being able to rise, and stay, above the 200sma, a long-term trend indicator.
After the huge sell-off on the Pound, GBPUSD visited a near-term support in a day. Considering it is difficult to look for signals on a daily basis, I will be looking at the 4-hour chart for possible entries; whether it would form a nicely formed bullish pin bar (long-tailed) at the near-term support. However, if prices do fall below the near-term support, prices will revisit the key support seen around 1.257.
After the huge sell-off on the Pound, GBPUSD visited a near-term support in a day. Considering it is difficult to look for signals on a daily basis, I will be looking at the 4-hour chart for possible entries; whether it would form a nicely formed bullish pin bar (long-tailed) at the near-term support. However, if prices do fall below the near-term support, prices will revisit the key support seen around 1.257.