FX:GBPUSD British Pound/U.S. Dollar
GBPUSD has reached a mid-pivot level that is also at range support. The bottom is actually at S1 however there is no denying the mashup of support levels for us to keep a closer eye at this level. Slower is showing a rise in price and faster is still showing price can go lower to the S1 level before reversing. I am on the buy side on this pair as the range is still intact. I will be waiting till after the weekend before entering if price is still holding. Id expect S1 to still be in play so stops should be below. If that is the case, be careful of the algos as they know that is where stops are. Give yourself room to avoid the spike they can cause. .