Key areas of reversal for GBPUSD outlined.
Possible touch of TL also an option.
1.376 area aligns with .5 fib retracement.
Entries with tight SL, none below 25 pips of lower TL.
Weekly candle also indicates rejection of 1.37 key level, look for entry confirmation on weekly candlestick wick formation.
Targets above previous highs.
Possible touch of TL also an option.
1.376 area aligns with .5 fib retracement.
Entries with tight SL, none below 25 pips of lower TL.
Weekly candle also indicates rejection of 1.37 key level, look for entry confirmation on weekly candlestick wick formation.
Targets above previous highs.
Weekly level of support is at 1.375.
First target 1.4 Monthly resistance.