GBPUSD is in a range.
Price is currently in a strong uptrend, heading towards the top of the range.
Looking back on the charts, price has strongly rejected the resistance at the top of the range multiple times before, meaning this is a strong level.
We would like to see price reach the resistance and reject with strong bearish momentum in the form of either 4H or 1H bearish engulfing candles, or pinbars.
We are also aware of the up trending strength in this pair currently, and realise price can continue pass this level.
Price is currently in a strong uptrend, heading towards the top of the range.
Looking back on the charts, price has strongly rejected the resistance at the top of the range multiple times before, meaning this is a strong level.
We would like to see price reach the resistance and reject with strong bearish momentum in the form of either 4H or 1H bearish engulfing candles, or pinbars.
We are also aware of the up trending strength in this pair currently, and realise price can continue pass this level.