One of two things will happen to GBPUSD:
1. GBPUSD will find resistance at around 1.31030/1.30821(highlighted area) and maintain bullish momentum until it breaks the counter-trendline. Anything after the trendline break is history.
2. GBPUSD will break below 1.31030/1.30821(highlighted area) and maintain bearish momentum until it reaches the 1.28669/1.28491 price range. GBPUSD is likely to find support at this level because it's been holding as support quite well.
NFP on Friday!
ANYTHING CAN HAPPEN
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1. GBPUSD will find resistance at around 1.31030/1.30821(highlighted area) and maintain bullish momentum until it breaks the counter-trendline. Anything after the trendline break is history.
2. GBPUSD will break below 1.31030/1.30821(highlighted area) and maintain bearish momentum until it reaches the 1.28669/1.28491 price range. GBPUSD is likely to find support at this level because it's been holding as support quite well.
NFP on Friday!
ANYTHING CAN HAPPEN
Follow me!
