Good morning traders.
Here is the update on the daily key levels for GBPUSD. This pair is currently in consolidation mode and for that reason we can be looking for both buying and selling opportunities until a break to the upside or downside is confirmed. However we will want to favor buying opportunities due to the fact that the overall trend is to the upside over the past few months. The resistance levels have been updated and extended, only a sustained break above the r1 level will put complete focus back to the upside. The support levels have remained the same as yesterday's s1 was not broken, rather it was respected to just about the pip. Another dip down into s1 may bring in some buyers.
Enjoy!
Here is the update on the daily key levels for GBPUSD. This pair is currently in consolidation mode and for that reason we can be looking for both buying and selling opportunities until a break to the upside or downside is confirmed. However we will want to favor buying opportunities due to the fact that the overall trend is to the upside over the past few months. The resistance levels have been updated and extended, only a sustained break above the r1 level will put complete focus back to the upside. The support levels have remained the same as yesterday's s1 was not broken, rather it was respected to just about the pip. Another dip down into s1 may bring in some buyers.
Enjoy!
