We have seen rejection at resistance for the 4th time and so we can expect some momentum.
A break of the 200 day and the at the 1.8975 level would call for a short opportunity where we could see price return to support at the 1.8610 level.
Confirmation of breakout:
- Closed 4Hcandles
- Price breaks below 200 day
- Break in the trendline
- Signals from andRVI
I find GBP pairs to be rather volatile so I would advise a smaller position size and letting the trade run to its target. Also, some important GBP news out tomorrow (1st Feb 2021)