On the daily, GBPUSD is testing the previous high from Dec 14 last year. We see a rejection candle today with its high is just 0.00108 below the last high.
I expect a downside move.
Possible entries on the 15m timeframe
I expect a downside move.
Possible entries on the 15m timeframe
Comment:
price is accumulating just below 1.24114, which is the level of interest. Still waiting for the reaction, possibly after the MoM release at 7am
Trade active:
price seems to top out at 1.239xx