GBPUSD currently trading sideways and perhaps waiting for Christine Lagarde to speak later today to try and find clues as to what's happening with EU monetary policy.
These areas of support have been hit many times in the past making the levels strong.
If they're moved through, perhaps look for them to become levels of resistance.
Depending on your trading...
GBPUSD current analysis and trends.
Pair currently testing areas of support but with little movement/volatility.
USD FOMC economic projections are out tonight at 6pm GMT so market may remain calm until this announcement.
I'm currently long on the EU so thought I'd share some ideas of mine.
Areas of support and resistance are shown on the 1hr chart to show potential areas of entry.
Hopefully this may be of some help to others.
