Like my EURGBP post, GBPUSD is now at the from current swing highs.
If it breaks above the 50% on the Daily candle, i expect a good amount of reversal to the 1.32xx area.
(Quote from a old trader: "if the move reverse more then 50%...more then likely it will continue futher)
Favouring more of the UP side for this trade but we have to be paitent to see what it gives us.
Take a look at my EURGBP chart and you will understand it better (hopefully)
All the best and trade safe guys.
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