Overall bias looks bullish H1, H4. Watching the current support levels, sitting at the .382 retracement from the swing low move of 11/23 to the swing high crossing into the 11/24. Will wait for the retracement to complete or a test of previous lows and if support holds will look for an entry and a re-test of strong resistance, 1.0229 marked as the upper red line....
Friday retracement but we all still want this run to continue :). .618 met and held and couldn't break support. Will await outcome of this candle and put a long order in to chase some pips.
If the new resistance level is unable to break, a double top could form, along with the strong USD and a bearish GBP outlook I'd short depending on the next candle
Correctional move due to extremely overbought conditions. Retrace into .382 and possible continuation. I'd watch for consolidation move at the horizontal lines included and wait for a strong indication of either an uptrend or drop testing previous support. I don't believe the bull runs over until some strong news against the USD is to be released.
Follow price action, look for a re-test of previous lows and the previous consolidation move and wait for the break back toward the upside. Marked key resistance areas including possible new resistance if strong support is broken.
Looking for a strong retest/ possible consolidation around the Beginning of 2016 lows. Await a possible pull-back and another shorting opportunity if that support becomes new resistance
Ellipse marks new resistance. Believe it will drop to a new low and test/push previous resistance before pushing back up to green ellipse. Previous Idea was correct, so following on.
Initial Fib into .382, now with a much sharper rise, looking for a .618 retracement or a slight test of .618 as too much leg to drop below. Then a long continuation, looking to take profits near previous structure resistance.
Looking for a retracement into the .618, then a continuation of previous long. The market wants sterling to rise, news is in GBP favour and the uptrend looks like it will carry on.
Waiting for Retracement into .618 if at all, then will continue with view on going long. People want this trend to continue and the news is in our favour at the moment.
