Hi Traders,
GBPUSD has broken a 4-hour resistance level, The current h4 candle has wicked down to come all the way up and break structure, That is a sign of a lot of money being poured into the buys, I do expect the continuation and I would love to see price retest the broken resistance and then go for the highs of 1.2825.
We will, as always, need to see the price close above before even considering the buys, To back up my analysis we also have an inverse head and shoulders.
Happy Trading.
Renaldo Philander
GBPUSD has broken a 4-hour resistance level, The current h4 candle has wicked down to come all the way up and break structure, That is a sign of a lot of money being poured into the buys, I do expect the continuation and I would love to see price retest the broken resistance and then go for the highs of 1.2825.
We will, as always, need to see the price close above before even considering the buys, To back up my analysis we also have an inverse head and shoulders.
Happy Trading.
Renaldo Philander