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GBPUSD is in a critical area. So far, it has not managed to break this resistance area. If cable reverses here, a drop towards 1.20 is likely.
On the other hand, if GBPUSD breaks this resistance strongly, then it will likely reach 1.27 and even 1.30 in the coming weeks.
This is a very simple set-up. A breakout or reversal in either direction will allow you to trade with clarity.
GBPUSD is in a critical area. So far, it has not managed to break this resistance area. If cable reverses here, a drop towards 1.20 is likely.
On the other hand, if GBPUSD breaks this resistance strongly, then it will likely reach 1.27 and even 1.30 in the coming weeks.
This is a very simple set-up. A breakout or reversal in either direction will allow you to trade with clarity.