GBP/USD
Updated
GBPUSD4H chart - second support has turned into a resistance with first support becoming overall support. According to previous patterns, I am expecting it to bounce off the first support long. My confirmations are: Objects drawn, 3 candlesticks riding above EMA line, RSI shows to be decent (showing upward momentum).
30 min - continues to show upward momentum with it passing second support & a new resistance at around 1.24954. It continues to ride above EMA, RSI still looking decent. - update - it has passed initial resistance & is now being used as a support with a new resistance at about 1.25365. It is still riding above EMA line. RSI showing to be overbought but I believe it is because it is still around the new resistance. Will confirm it once it begins to sell off toward its support.
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