Be patient on GBPUSD
We can see interesting situation in GBPUSD Daily chart. On 10th June, 1.27690 zone was not broken, and it became resistance.
Price manage to break it only on 24th July. On 2nd September price reached 1.34832 peak. We can see that before reaching this,
price had to "take a rest" at 1.30300 level. Which then was support, and resistance.
So after reaching previous resistance (now - support level 1.27690) on 11th September, price went up.
It is coming back to 1.30300 level, (which now is resistance). And here we have two scenarios:
1) if price will break this level, it will go up
2) if no - it should bounce back to support level.
In my opinion, at the moment it would be the best to be neutral and wait.
Price manage to break it only on 24th July. On 2nd September price reached 1.34832 peak. We can see that before reaching this,
price had to "take a rest" at 1.30300 level. Which then was support, and resistance.
So after reaching previous resistance (now - support level 1.27690) on 11th September, price went up.
It is coming back to 1.30300 level, (which now is resistance). And here we have two scenarios:
1) if price will break this level, it will go up
2) if no - it should bounce back to support level.
In my opinion, at the moment it would be the best to be neutral and wait.
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