CapMoore

Daily Resistance Reached

FX:GBPUSD   British Pound/U.S. Dollar
589 1 0
The cable has hit daily Kumocloud resistance and upper
bearish channel and Weekly R1. The 1,54 level was also
the D level in previous larger ABCD pattern (127ext D has
been hit. Monthly R1 stands slightly above current level
and might be reached from here, but if failure by the Kumo,
this is a good level to enter short (preferably after a bearish
kumobreak) A close above Monthly R1 will expose upper
Kumocloud resistance and Weekly R2.
agreed!
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