GBPUSD continues in mixed and volatile moves.

OANDA:GBPUSD   British Pound / U.S. Dollar
GBPUSD - 24h expiry

Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
The hourly chart technicals suggests further downside before the uptrend returns.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Further upside is expected although we prefer to buy into dips close to the 1.2370 level.

We look to Buy at 1.2370 (stop at 1.2325)

Our profit targets will be 1.2480 and 1.2505

Resistance: 1.2625 / 1.2715 / 1.2845
Support: 1.2310 / 1.2125 / 1.1955

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