DeeVeeCee

GBPUSD at key resistance zone.

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD rallied upwards from a support zone between 1.2150 1.2200 to a resistance zone 1.2460 to 1.2480. This zone has held twice in very recent past so I expect it to hold again. Also price rallied upwards in the form of an ascending wedge and has made a minor breakout. If the breakout is complete, I expect a drop back down to the support zone at around 1.2200.