In last week, we were watching GBPUSD and the 3 bar reversal that had bounced off the daily support level.
Price has since rotated higher and into the daily resistance level where we now see price attempting a breakout higher. This market has been in a clear range for the past few months and this level looks crucial.
If we can get a clean breakout it could signal the end of this range and many potential long trading opportunities.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.