I was well, wrong on the move for GBPUSD yesterday though the levels would have worked perfectly to capture the move. I was looking for price to bottom but price action was still bearish. And we saw price selling off below OP and PZ and the bearish price action continued down strong to the lowest support level (not included though) before the rally up back to OP but eventually pulled back from it.
For today, same thesis I am going for, that GBPUSD is looking to bottom, but do trade accordingly using the levels. Overall, look for a move higher, either from here at the PZ and price breaking above OP for a move higher, or I will not discount the possibility of price dipping first, find support below for a higher low before a move higher.
Overall, as long as 1.2681 holds, look for the long with 1.2775 as the upside target.
For today, same thesis I am going for, that GBPUSD is looking to bottom, but do trade accordingly using the levels. Overall, look for a move higher, either from here at the PZ and price breaking above OP for a move higher, or I will not discount the possibility of price dipping first, find support below for a higher low before a move higher.
Overall, as long as 1.2681 holds, look for the long with 1.2775 as the upside target.
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