After a continuation down it is now testing a resistance that has turned support. If this support holds up, we can expect upward momentum and a possible retest of this support, if this hold s up to the retest we can expect another break out. Wait for candle confirmation at points of support and resistance
After a small reversal last night, the trend has broken through the previus support and carried on up. Small pull back now looking like a possible entry forming on the 5-minute and 15 minute charts. Still on target for 147.00 at least
After a small test above the resistance, while the Asia markets were in session this pair has pulled back below. Currently waiting on the close of the H1 candle which is sitting right on the line, This should give an indication of the direction to come. If it pulls back in the London session it could return to test the lower support before continuing the trend...
Price is starting a small range and is on the way to test 143.250 mresistance. If rejected expect a double bottom before carrying on the trend upwards. Not too concerned about a correction yet as the sentiment for the pound is strong after this week good economic news.
