After retesting the current resistance level there are two possibilities.
1. The pair might come down to 1.29900 and then move upwards to 1.32750 and then come down again.
2. Since Biden seems to win and there might be change in US monetary policies which will take a few days so chances are that US dolar will weaken and GBP will move upside to 1.32750 making a...
As per my last analysis short if doesn't cross 1.31000, but it did. My eyes at 1.31450 resistance. If crossed then should keep long and if not then short.
I suggested long position earlier last night if it doesnt go below 1.29200 which happened to be correct since gbp bounced back upwards from 1.29285 to 1.31000. Right now if it doesnt cross 1.31000, my prediction is short position and tp at 1.30200
Your comments are much appreciated. And if need more signals on any other pair please mention in comments.
