GBPUSD UPDATE - Where are we going now?

FX:GBPUSD   British Pound / U.S. Dollar
So I was initially aiming for 5% on this trade (see previous analysis), perhaps I was a bit eager to place my SL at 3% and managed to get taken out of the trade shortly after - Although I cant complain with 3% on this pair today!

Price has seen some resistance and buyers are losing control looking at the 1H chart. I predict either consolidation and continuation of price to the monthly resistance.


We've approached the monthly resistance 'area' and may see a reversal in price when bears take over.

It's too early to see at the moment. I'm waiting on the next 12-24Hrs for a confirmation and i'll post an update... That's if I have Wi-Fi signal on my flight from Changmai-Koh Samui (currently travelling around Thailand!)

Let me know what your plans are for this pair!


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