The GBPUSD attempted to push higher last week topped at 1.5497 point but whipsawed to the downside and now testing the lower line of the buy channel as you can see on my hourly chart below. The bias is sell in nearest term but I think now is the best time and place to buy with a tight stop loss below the buy channel and 1.5100 point support area. Immediate resistance is seen around 1.5200 point. A clear break above that area could lead price to neutral zone in nearest term testing 1.5250 – 1.5300 point region.
No comments:
Post a Comment