GBPUSD: Keep a close watch
The move off the lows here has been really strong, but after closer inspection it might be comprised of 3 waves.
In any case, there's a time at mode target in the daily that has been exceeded, and time will expire soon.
Watch that date for a reaction, and a possible retracement or reversal.
It'll be key to sync the entry with a fundamental event, in order to have the news boost our trade.
Price has been rejected by a very low volume resistance level, but hasn't reversed yet, and there are still a few days left in the uptrend, so I'd suggest being patient here.
Good luck,
Ivan.
In any case, there's a time at mode target in the daily that has been exceeded, and time will expire soon.
Watch that date for a reaction, and a possible retracement or reversal.
It'll be key to sync the entry with a fundamental event, in order to have the news boost our trade.
Price has been rejected by a very low volume resistance level, but hasn't reversed yet, and there are still a few days left in the uptrend, so I'd suggest being patient here.
Good luck,
Ivan.
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