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British Pound / U.S. Dollar

GBPUSD DAILY

By Profound_Ambition
Updated
We are still in an uptrend, however price is stuck in a 200 pip consolidation area, if price can break & stay above 1.33000 price will see its recent high & potentially break even higher to make a new higher high.. Watching closely for the next strong bullish move to the upside
Note
snapshot update::: if we can get a close above 1.33000 breaking consolidation price has room for another 300 pips or so
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update: price closed above consolidation region, now waiting for a break & close above 1.33400 to add positions :) snapshot
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snapshot 4H trendline support is holding, however price is rejecting daily resistance so I will wait for some more confirmation
consolidationGBPUSDhigherhighsandlowspoundSupport and ResistanceTrend AnalysisDJ FXCM Index
Profound_Ambition

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