The GBPUSD failed to continue its buy momentum yesterday after formed a double top formation as you can see on my hourly chart below bottomed at 1.5302 point. The bias is bearish in nearest term testing 1.5280 point but overall I still prefer a buy scenario at this phase and any downside pullback now should be seen as a good opportunity to buy. Immediate resistance is seen around 1.5385 point. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish scenario remains strong testing 1.5500 point area.
No comments:
Post a Comment